Halliburton & Shawcor Acquire Commercial Resin de Mexico

Halliburton Company and ShawCor Ltd. announced that their joint venture entity, Bredero-Shaw, has completed the acquisition of 66.7% of Commercial Resin de Mexico, S.A. de C.V., currently the largest pipe coater in Mexico.

Commercial Resin de Mexico's pipe coating facilities are located adjacent to the Tubacero pipe mill in Monterey, Mexico, and adjacent to the Tamsa pipe mill in Veracruz, Mexico. Bredero-Shaw's technology, products and deepwater capabilities will significantly enhance Commercial Resin de Mexico's range of products, currently being offered to its domestic market, as well as to markets in Central and South America.

Bredero-Shaw is the world's leading pipeline coatings solutions provider operating 32 plants in 16 countries. The transfer of deepwater capabilities to Commercial Resin de Mexico will further enhance the ability of Bredero-Shaw to play a leading global role in challenging deepwater pipeline applications.