GIRARD, Ohio (WKBN) – Vallourec announced Tuesday that it’s selling off a portion of its drilling business.
This deal will not affect the local plant in Youngstown.
Officials at Vallourec say the only plant in the U.S. impacted by the sale is a facility in Houston.
Other sites include locations in the Middle East, Netherlands and France.
U.S. owned National Oilwell Varco has offered $463 million for the business.
The deal will be final pending regulatory approval.