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VARCO INTERNATIONAL ANNOUNCES ACQUISITION

 ORANGE, Calif., Aug. 17 /PRNewswire/ -- Varco International Inc. (NYSE: VRC) announced today that it has acquired all of the outstanding common stock of Metrox Inc. Metrox, located in San Diego, designs and manufactures instrumentation used in the oil and gas industry, as well as in general commercial and industrial applications. For the fiscal year ended Sept. 30, 1992, Metrox had revenues of approximately $3.5 million.
 In commenting on the acquisition, Varco Chief Executive Officer George Boyadjieff said, "Metrox brings important technology and capabilities to our Martin-Decker/TOTCO instrumentation group, which will enhance our existing product offerings while also expanding the available market opportunities."
 Varco International Inc. is a leader in the design and manufacture of drilling equipment and machinery and rig instrumentation for oil and gas drilling worldwide.
 -0- 8/17/93
 /CONTACT: R.A. Kertson of Varco International, 714-978-1900/
 (VRC)


CO: Varco International Inc.; Metrox Inc. ST: California IN: OIL SU: TNM

JB-BP -- LA034 -- 3686 08/17/93 15:58 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
Words:163
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