November 23, 2014 4:14 PM ET

Machinery

Company Overview of UTEX Industries, Inc.

Company Overview

UTEX Industries, Inc. designs and manufactures seals and components made of elastomers, polymers, urethanes, and composites for clients in the oil the gas, water distribution, aerospace, and industrial markets. The company provides fluid end expendables, which include packing, valves and seats, and fluid end seals; and plunger installation products, plunger separators, seal installers, and seat pullers. It also provides high performance polymeric seals, custom rubber moldings, custom urethane moldings, inject able high durometer rubber products, bondable FFKM rubber products, fabric wrapped D-seals, and shock subs. The company offers its products through distributors in the United States and...

10810 Katy Freeway

Suite 100

Houston, TX 77043

United States

Founded in 1940

Phone:

800-359-9229

Fax:

800-359-9230

Key Executives for UTEX Industries, Inc.

Chief Executive Officer
Chief Financial Officer
Vice President of Operations
Managing Director
Vice President of Global Business Development
Compensation as of Fiscal Year 2014.

UTEX Industries, Inc. Key Developments

UTEX Industries Finalizes Plans to Expand Operations to Singapore

UTEX Industries plans to consolidate Singapore operations to better serve their growing Asian customer base and expand market share across the region. UTEX currently operates a sales office in Singapore that is supported by engineering and manufacturing efforts in the United States. The new 48,000 sqft facility will accommodate the majority of the manufacturing operations required to supply custom rubber molded solutions to the Asian oil and gas exploration marketplace. UTEX will add full engineering and technical resources to the region to become a true One-Stop-Shop experience.

KKR, First Reserve, Ares Reportedly Prepare Final Bids For UTEX

Kohlberg Kravis Roberts & Co. (KKR), First Reserve Corporation and Ares Management LLC are reportedly planning to make final bids to acquire UTEX Industries, Inc. from Rhone Capital, L.L.C., according to two sources familiar with the matter. The bids are due this week, the sources said adding that other parties may also bid. The sources reported that the bids for UTEX could range between $700 million to $800 million. Reuters reported that First Reserve declined to comment on the matter while KKR, Ares and UTEX did not immediately respond to calls for comment.

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