NIKKEI 225
28,242.21-276.97(-0.97%)HANG SENG
28,862.77+288.91(+1.01%)CRUDE OIL
52.09-0.27(-0.52%)
Forum Energy Technologies, Inc. (FET)
- Zacks
Forum (FET) Completes $105M Asset Sale to Anvil and Smith-Cooper
Forum (FET) sells its ABZ and Quadrant-related assets to Anvil and Smith-Cooper to significantly improve its liquidity and financial flexibility.
- Business Wire
Forum Energy Technologies Divests ABZ and Quadrant Valve Brands
Forum Energy Technologies, Inc. (NYSE: FET) today announced that on December 31, 2020 it completed the sale of assets associated with its ABZ and Quadrant valve brands to Anvil and Smith-Cooper International. Total consideration for the transaction was $105 million in cash. As part of the transaction, Anvil and Smith-Cooper will employ the ABZ and Quadrant employees primarily located at the operations located in Madison, Kansas and Broussard, Louisiana.
- Motley Fool
Forum Energy Technologies Inc (FET) Q3 2020 Earnings Call Transcript
With me today are Chris Gaut, Forum's Chairman and Chief Executive Officer; and Neal Lux, our Executive Vice President of Operations. Before we begin, we would like to caution listeners regarding forward-looking statements.
