Clock Spring Company Inc. announced Feb. 1 that it acquired Tulsa, Oklahoma-based Citadel Technologies, a manufacturer of engineered, carbon-fiber composite repairs.
“Clock Spring has tremendous respect for Citadel and its team,” says Clock Spring CEO and president Matt Boucher. “Aligning our strengths and combining our complementary product lines enables us to offer customers the industry’s most complete and comprehensive suite of composite repair solutions and expands our mutual capability to address asset integrity issues for transmission pipelines and high-consequence process piping.”
Headquartered in Houston, Clock Spring is a leading manufacturer of permanent and temporary composite pipeline and pipe work repair solutions. The combined entities provide a comprehensive suite of composite repair solutions.
“The similar approach our companies take to developing engineered solutions to complex integrity issues ensures safety for field workers and quality outcomes for asset owners,” said Roger Walker, Citadel president and CEO. “The emphasis we each place on controlling fabrication variables and eliminating safety risks places us on the same footing for continued development of sustainable composite solutions.”
Citadel’s market-leading carbon fiber solutions, including DiamondWrap products for high-consequence, process piping deliver repairs in the oil and gas industry’s most exacting environments. These products, in combination with Clock Spring’s established suite of midstream products. produces an offering supported by a new company that is even stronger and more capable than the sum of its parts.
“Uniting Clock Spring and Citadel and creating the industry’s most comprehensive suite of composite repair options enables us to focus on advanced research and development and solving greater and more complex customer asset integrity problems,” Boucher says.
“I am excited about the possibilities that this union creates and look forward to pursuing joint research and development efforts that will allow us to continue to introduce the safe and reliable solutions the industry needs,” says Walker.
SOURCE: Clock Spring Company, Inc.