AXON Energy Products closes two acquisitions, establishes Pressure Products Group

Houston, Texas - (March 10, 2010) - AXON Energy Products have closed two acquisitions in the Houston area in recent weeks. With Church Energy Services, AXON has added a product line in blowout preventers which complements the product lines of Drilling Controls Inc., resulting in the formation of AXON Pressure Products Inc. (APP). The management owners, Dan Church (Managing Director) and Rick Church (Vice President, Engineering), both bring extensive industry experience and expertise to AXON and will take on key management positions in AXON’s Pressure Products Group.  

AXON Chief Executive Officer, Gary Stratulate, stated “CES is a sound strategic fit with the pressure control products platform that AXON is building through APP. Together CES and DCI will produce a complete line of drilling and production pressure control products. AXON Chairman of the Board, Danny McNease, added “We are pleased to include CES in the AXON family and we look forward to continuing a long standing relationship with CES.”

In addition, the acquisition of the assets of the pump manufacturer Demay International adds both a new product line and a modern facility well suited for manufacturing oilfield equipment.