Hyduke to acquire production tank manufacturer Western Manufacturing

Hyduke Energy Services Inc. is set to acquire Western Manufacturing Ltd., a firm that produces storage tanks and other oilfield equipment.

In addition, Hyduke will acquire the assets of Ledarco Industries Ltd. an affiliated company to Western involved in the regional transportation of manufactured components, raw materials and finished products.

At a cost of $5.5 million the transaction is expected to be complete by the end of April.

Western and Ledarco are significant regional players in the design, manufacture and fabrication of production equipment and related equipment including tanks, frac fluid vessels, frac sand handling equipment, and other equipment essential to the exploitation and production of oil and gas and natural gas liquids. The acquisition complements Hyduke’s expansion strategy.

Founder and CEO of Western, Lonny Thiessen, will remain with Western as President of the subsidiary. Hyduke aims to integrate key functions such as sales, procurement, inventory, fabrication and delivery to provide clients with quality products on time and on budget. The combined operation will have significant capacity for new orders.

For more information visit www.hyduke.com

7th March 2017