Home > Boards > US Listed > Oil/Gas/Natural Energy Production > Natco Group Inc. (NTG)

NATCO Group Inc. to Acquire Measurement Company, Linco-

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
frenchee Member Profile
 
Followed By 94
Posts 11,526
Boards Moderated 1
Alias Born 06/05/04
160x600 placeholder
Statement of Ownership (sc 13g) Edgar (US Regulatory) - 12/2/2021 12:36:12 PM
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of November 30, 2021 for TYG, NTG, TTP, NDP and TPZ Business Wire - 12/1/2021 11:00:00 PM
Tortoise Midstream Energy Fund goes ex-dividend on Monday Seeking Alpha - 11/19/2021 12:20:41 PM
TortoiseEcofin Announces Distribution Amounts and Dates for Closed-End Funds Including Further Increases for TYG and NTG Business Wire - 11/9/2021 6:43:00 PM
TortoiseEcofin Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF Business Wire - 11/1/2021 11:00:00 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 10/5/2021 2:35:10 PM
TortoiseEcofin Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF Business Wire - 10/1/2021 6:30:00 PM
TortoiseEcofin Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 31, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF Business Wire - 9/1/2021 6:13:00 PM
Annual Report of Proxy Voting Record for Management Investment Companies (n-px) Edgar (US Regulatory) - 8/31/2021 12:22:30 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/12/2021 5:07:41 PM
TortoiseEcofin Closed-End Funds Implement Several Measures to Increase Shareholder Value Business Wire - 8/9/2021 6:24:00 PM
Certified Semi-annual Shareholder Report for Management Investment Companies (n-csrs) Edgar (US Regulatory) - 8/6/2021 3:42:02 PM
TortoiseEcofin Announces Release of 2021 Semi-Annual Report and Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF Business Wire - 8/2/2021 10:30:00 PM
Monthly Portfolio Investments Report on Form N-port (public) (nport-p) Edgar (US Regulatory) - 7/30/2021 2:17:42 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 7/23/2021 3:59:38 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 7/22/2021 3:22:56 PM
TortoiseEcofin Appoints New Principal Financial Officer and Treasurer for its Closed-End Funds Business Wire - 7/20/2021 6:30:00 AM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 5/25/2021 3:59:19 PM
Tortoise Midstream Energy Fund declares $0.36 dividend Seeking Alpha - 5/10/2021 6:47:59 PM
Monthly Portfolio Investments Report on Form N-port (public) (nport-p) Edgar (US Regulatory) - 4/29/2021 5:16:51 PM
Fidelity Bond Filed Pursuant to Rule 17g-1(g)(1) of the Investment Company Act of 1940 (40-17g) Edgar (US Regulatory) - 3/30/2021 5:32:11 PM
Tortoise Provides Unaudited Balance Sheet Information & Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TT... Business Wire - 3/1/2021 10:00:00 PM
Annual Report for Registered Investment Companies (n-cen) Edgar (US Regulatory) - 2/16/2021 4:34:16 PM
Tortoise Midstream Energy Fund declares $0.33 dividend Seeking Alpha - 2/9/2021 6:03:46 PM
Tortoise Announces Distribution Increase and Continuation of Share Repurchase Program for TYG and NTG Business Wire - 2/9/2021 5:53:00 PM
frenchee   Sunday, 01/27/08 09:58:14 PM
Re: frenchee post# 3
Post # of 7 
NATCO Group Inc. to Acquire Measurement Company, Linco-
Electromatic, Inc.

HOUSTON, Jan. 7 /PRNewswire-FirstCall/ -- NATCO Group Inc. (NYSE: NTG) announced today that its subsidiary had entered into a definitive agreement to acquire Linco-Electromatic, Inc., which designs, manufactures, distributes and services an extensive line of equipment used to measure oil and natural gas in custody transfer, for approximately $23 million in cash consideration, subject to certain adjustments.

Chairman and Chief Executive Officer of NATCO, John U. Clarke, said, "The acquisition of Linco provides NATCO with an opportunity to add several new product lines and services for our customers to further leverage our North American branch network and our automation and controls business. We also will gain access to new markets historically served by Linco. We are delighted that Linco's management team will be joining NATCO and look forward to adding over 100 skilled field, fabrication and marketing employees."

Bob Petty, President of Linco, said, "We are pleased to be joining NATCO. The complementary nature of our combined product and services offerings is significant. NATCO will facilitate our further expansion both in North America and globally."

Clarke added, "Linco offers a wide variety of metering hardware, electrical instrumentation, measurement services and integrated measurement systems equipped with processes for data transmission and volumetric reconciliation. Their contract field services provides opportunity to expand NATCO's field services just downstream of the wellhead. They also provide us with an entry into other market segments including transportation, refining, processing, storage and distribution. The acquisition is expected to close during the first quarter of 2008 and is expected to be accretive to NATCO's 2008 earnings."

Founded in 1967 and headquartered in Midland, Texas, Linco distributes products from over forty manufactures, including a master distribution agreement with the industry's leading meter company. The company's product offerings consist of both Linco-manufactured and third-party-manufactured equipment such as: complex skid-mounted systems which integrate various measurement devices; individual components such as meters, regulators, pressure vessels and temperature indicators; and refurbished measurement equipment. The company also provides maintenance, repair, testing and meter proving and calibration services.

NATCO Group Inc. is a leading provider of wellhead process equipment, systems and services used in the production of oil and gas. NATCO has designed, manufactured and marketed production equipment and services for over 80 years. NATCO production equipment is used onshore and offshore in most major oil and gas producing regions of the world.

Statements made in this press release that are forward-looking in nature are intended to be "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, revenue, earnings and segment profit guidance, discussions regarding markets and demand for our products. These statements may differ materially from actual future events or results. Further, bookings and backlog are not necessarily indicative of future results. Readers are referred to documents filed by NATCO Group Inc. with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which identify significant risk factors that could cause actual results to differ from those contained in the forward-looking statements.

SOURCE NATCO Group Inc.




Regards,
frenchee

#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences