Printer Friendly

Wenzel Downhole Tools Ltd. Announces Canadian Distributorship.

Business Editors

CALGARY, Alberta & EDMONTON, Alberta--(BUSINESS WIRE)--Aug. 24, 2000

The Board of Directors of Wenzel Downhole Tools Ltd. (TSE:WZL.) is pleased to announce that the Company has become the Canadian distributor for the complete product line of American Augers.

In addition to providing sales and service for American Augers' products throughout Canada, Wenzel will also bundle its own extensive range of products with the drill rigs. As part of the distribution agreement, American Augers will distribute Wenzel products throughout their United States distribution system. This latest development continues to move Wenzel closer to our goal of being able to provide the most complete range of products to the utility installation market. The first drill brought into inventory will be located in Wenzel's Mississauga, Ontario location.

"Wenzel will be an excellent match with our products," said Roger Eve, president of American Augers. "They have good contacts in the areas where our trenchless products are used, and their sales team has extraordinary experience in our industry. At the same time, our products have the features to use Wenzel tools to their utmost performance."

American Augers is a wholly owned subsidiary of Astec Industries Inc. which trades on the NASDAQ National Market under the symbol ASTE. In November 1999, Astec was featured in the "Fastest-Growing Companies in America" section of Wall-Street.com. American Augers is the leading manufacturer of machines and accessories exclusively for the growing trenchless construction market. Its main products are horizontal earth boring machines, horizontal directional drills, and drilling fluid systems. The company designs and manufactures auger boring, directional drilling, and drilling fluid mixing, pumping and cleaning equipment at its plant in West Salem, Ohio. Those products are sold to the utility and pipeline industries. American Augers is the worldwide leader in the development and usage of large directional drilling rigs.

Wenzel Downhole Tools Ltd. is an Edmonton, Alberta based company that designs, manufactures and distributes drilling tools to oilfield and utility markets around the world. The Company's patented designs can be found in most areas where tools are being used for underground fibre optic cable installation. The Company has sold or leased tools in Canada, the United States, Europe, Asia, South America and Australia and has tools operating in most areas of the world where holes are being drilled.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Aug 24, 2000
Words:403
Previous Article:Semtech's USAR Offers IC to Link Standard PS/2 Input Devices to PDAs and Internet Appliances.
Next Article:Web Search Technologies Inc. Assembles Expert Advisory Board.


Related Articles
POP/SNEAK PEEK : `DOWNEY BLUES' HITS STORES, CELEBRATES RECORDING STUDIO.
Top government and Congressional officials to speak at TEI's 53rd Midyear Conference. (Continuing Education).
Prospects for tax legislation, LMSB initiatives dominate TEI's 54th Midyear Conference: treasury deputy secretary Bodman debuts at conference; Bob...
54th Midyear Conference.
Slip stopper sliding across the country.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters