Acquisition significantly expands CoorsTek reach into the oilfield pump market
GOLDEN, Colo.– CoorsTek, Inc., the world's largest technical ceramics manufacturer supplying critical components to high-technology markets, today officially announced the acquisition of Oklahoma-based Tulsa Machine Works Manufacturing (TMW), a quick-turn crankshaft and industrial cranks manufacturer.
Established in 1950, TMW focuses on the needs of oil & gas companies with a specialization in oilfield pump crankshafts. Seeking to become the primary manufacturer for this segment of the industry, the company recently invested $3 million in an Austrian crankshaft mill for larger crankshafts (up to 260 inches long) and purchased an additional 15 acres for expansion of their current facility.
"TMW serves the oilfield market with precision, fast-turn crankshafts so their customers remain operating at capacity," states Hank Prey, Vice President of CoorsTek, Inc. "CoorsTek and our customers expect to benefit from their 60+ years of machining expertise and industry knowledge," he continues.
More about CoorsTek
CoorsTek is the largest technical ceramics manufacturer in the world with 49 manufacturing facilities across North America, South America, Europe, and Asia. CoorsTek supplies critical components and complete assemblies for defense, medical, automotive, semiconductor, aerospace, electronic, power generation, telecommunication, and other high-technology applications. Utilizing advanced material technologies, the company's engineered solutions enable its customers' products to overcome technological barriers and improve performance. For more information about CoorsTek, please visit the Company's website at www.coorstek.com.
More about Tulsa Machine Works & Manufacturing
For more information about TMW, please visit their website at http://tulsamachineworks.com.
Web Site: http://www.coorstek.com