Vallourec announces sale, will not affect Youngstown location

Officials at Vallourec say the only plant in the U.S. impacted by the sale is a facility in Houston

Vallourec Star in Girard

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.

.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s