Oil States buys oil field product maker Barlow-Hunt

ARLINGTON, Texas (Aug. 1)—Oil States International Inc. has acquired oil-field elastomer product producer Barlow-Hunt Inc. of Tulsa, Okla. The deal allows Oil States to expand its geographic coverage and explore manufacturing synergies. Oil States paid $7.5 million in cash for Barlow-Hunt, a privately held, 18-year-old firm specializing in diaphragms and seals for the construction, marine and oil and gas processing industries. Barlow-Hunt employs 85 and reports annual sales of about $8 million. Barlow-Hunt founders Jim Barlow and Rex Hunt will continue to serve the renamed Oil States Barlow-Hunt as president and vice president, respectively. Oil States is actively pursuing further complementary acquisitions, according to Don Greenlee, vice president, elastomer group, but no details are available at this time.