Boart Longyear Acquires Westrod Engineering.Acquisition Makes Company Global Provider of Reverse Circulation Consumables SALT LAKE CITY -- Boart Longyear Limited (ASX ASX See: Australian Stock Exchange : BLY Bly , Nellie See Elizabeth Cochrane Seaman. ) announced today it has acquired Westrod Engineering, a Western Australia-based manufacturer of reverse circulation (RC) rods, subs and swivels for minerals drilling. The acquisition expands Boart Longyear's existing minerals exploration product offering and complements the recent acquisition of KWL KWL Guilin, China (Airport Code) KWL Kernkraftwerk Lingen KWL what I Know/what I Want to know/what I've Learned (education) KWL Kaduna Writers' League , a Perth-based RC and multi-purpose drill rig manufacturer. The addition of Westrod Engineering's product line positions Boart Longyear as the only company able to manufacture and distribute RC drill rigs and consumables, while also offering contract RC drilling services on a global scale. The acquisition increases Boart Longyear's revenues by approximately $7 million. "As part of our strategic growth plan, the Westrod Engineering acquisition positions us to significantly increase our presence in RC drilling," said Craig Kipp, Boart Longyear President and COO (Cell Of Origin) See mobile positioning. . "We anticipate increasing production output and have plans for global distribution of these products as we continue the growth of our RC business." About Boart Longyear Boart Longyear is a 100-year-old global organization headquartered in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , with offices and operations in Asia Pacific, North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe and Africa. The company is the leading provider of drilling services and drilling products for the global mining industry, and also has a substantial presence in drilling for other purposes, including water exploration, environmental and oil sands exploration. With 2007 sales of over $1.5 billion and 9,700 employees worldwide, the Company conducts contract drilling services in more than 40 countries, and provides mining products to customers in over 100 countries. |
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