A.O. Smith Sells Fiberglass Business to Two Varco Units

14 December 2000

A. O. Smith Corporation announced the sale of its Smith Fiberglass Products Company to Fiber Glass Systems, L.P. and Tuboscope (Holdings U.S.) Inc., subsidiaries of Varco International Inc. of Houston, Texas. The terms of the sale were not disclosed. Varco International supplies technical services and engineered products to the oil and gas drilling, completion, production, and transmission industries worldwide. Its Fiber Glass Systems subsidiary manufactures fiberglass reinforced epoxy pipe and fittings for oil field applications as well as fiberglass downhole tubing and casing. Tuboscope supplies coiled tubing, internal tubular coatings, and inspection services for the petroleum production industry. Smith Fiberglass Products manufactures fiberglass pipe and fittings for petroleum production, service station, chemical processing, and industrial applications. The company is headquartered in Little Rock, Ark., with plants in Wichita, Kan., and Harbin, China and employs approximately 400 people worldwide

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