The businesses being acquired serve customers in the worldwide oil and gas production, pipeline and process markets, and will be combined with the Company's Cooper Cameron Valves operations.
Cooper Cameron Chairman, President and Chief Executive Officer Sheldon R. Erikson said, "As previously noted, we expect this acquisition to favorably impact our profitability in 2006, after adjusting for one-time integration costs." Erikson said that the integration process will be ongoing throughout 2006 and into early 2007.
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