FlexSteel Pipeline Technologies acquires MagFlex Connections
BY MELANIE CRUTHIRDS, News Editor
HOUSTON -- FlexSteel Pipeline Technologies, a manufacturer of steel reinforced flexible pipe, has acquired MagFlex, a joint endeavor, with Magnum Precisions Instruments, to manufacture and produce FlexSteel connections. The acquisition is effectively immediately.
MagFlex produces custom and standard flexible pipe fittings in its 24,000-sq-ft manufacturing facility in Houston. Through this acquisition and further R&D investment, FlexSteel will be able to produce these highly specialized components in-house. In addition, it enables FlexSteel to invest more in R&D, to further enhance the technology of its product.
MagFlex will be fully integrated into FlexSteel’s operational structure, and will now be referred to as the FlexSteel Connections product line.