Ameron is a leading producer of composite pipe for transporting oil, chemicals and corrosive fluids, and specialised materials and products used in infrastructure projects. Ameron also provides water transmission lines and fabricated steel products, such as wind towers.
The company has approximately 2900 employees and 25 manufacturing locations worldwide.
NOV specialises in equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and supply chain integration services to the upstream oil and gas industry.
"The acquisition of this leading fibreglass pipe provider will enhance the scale and scope of the solutions we offer to our oil and gas customers worldwide," stated Pete Miller, Chairman, President and CEO of NOV, when the merger was announced in July.
"Ameron's marine and offshore products will expand NOV's offering into seawater handling systems in new oil and gas drilling and FPSO vessels, and our combined oilfield composite pipe operations will benefit from purchasing efficiencies and scale.
"This combination will position NOV well to help our clients solve various production challenges. The Water Transmission Group and the Infrastructure Products Group also allow NOV to capitalise on leading positions in these industries."