UTEX Industries, Inc.

UTEX Industries, Inc. Latest News
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UTEX INDUSTRIES ACQUIRES CAM SPECIALTY PRODUCTS, INC - Click Here for Details
HOUSTON, TX – July 11, 2008 - UTEX Industries, a leading supplier of high performance sealing products and solutions, today announced that it has acquired CAM Specialty Products Inc, a designer of high performance Urethane products and solutions focused on the Oil & Gas and various Industrial markets. This transaction supports UTEX’ strategy to build on its strong growth momentum and invest more aggressively in supporting the evolving needs of its customer base.

“We are extremely excited to be associated with the CAM Specialty Products team, their high-end design and urethane processing capabilities are a great fit with our strategy to provide reliable, innovative, high-performance products and solutions that our customers require in critical mission applications”, commented Mike Balas, UTEX’ Chief Executive Officer. “CAM’s experience, highly skilled workforce, and focus on exceeding customer expectations are a perfect fit and we look forward to leveraging their strong customer relationships with Utex’ in an effort to add more value to our critical customers. This transaction will be completely transparent to our customers while helping us to further build a leading position in product innovation, high performance, custom engineered solutions, and overall responsiveness to the unique needs of the customers and markets we serve.”

UTEX INDUSTRIES ACQUIRES DURAQUEST, INC - Click Here for Details
HOUSTON, TX – July 11, 2008 - UTEX Industries, a leading supplier of high performance sealing products and solutions, today announced that it has acquired DuraQuest, Inc., a provider of high performance molded rubber and drilling shock absorber products focused on the Oil & Gas and various Industrial markets. This transaction supports UTEX’ strategy to build on its strong growth momentum and invest more aggressively in supporting the evolving needs of its customer base.

“We are extremely excited to be associated with the DuraQuest team, they have proven themselves as a top-notch supplier with a highly skilled workforce in an extremely demanding market. DuraQuest has earned a strong reputation for service and process innovation, and, is a natural fit with our strategy to provide reliable, innovative, high-performance solutions that our customers require in critical mission applications”, commented Mike Balas, UTEX’ Chief Executive Officer. “This transaction will be completely transparent to our customers while helping us to further build a leading position as an innovator of high performance, custom engineered solutions with a focus on exceeding the unique requirements of our customers and served markets.”

UTEX INDUSTRIES PARTNERS WITH AUDAX GROUP - Click Here for Details
HOUSTON, TX – May 19, 2007 - UTEX Industries, a leading supplier of high performance sealing products and solutions, today announced that it has brought in a new financial investor, Audax Group, a Boston, Massachusetts based private equity firm.  This transaction supports UTEX’s strategy to build on strong momentum and invest more aggressively in its future growth potential.

“We are extremely excited to be working with Audax, whose investment in UTEX is a vote of confidence in our team, our capabilities, and our track record of providing the reliable, high-performance sealing products and solutions that our customers require,” commented Mike Balas, UTEX’s Chief Executive Officer.  “Audax Group’s significant financial resources and expertise in our markets will create new investment and growth opportunities while solidifying UTEX’s position for continued long-term success.  This transaction will be completely transparent to our customers while helping us to further build our leading position in product innovation, high performance and custom engineered solutions, and overall responsiveness to the unique needs of the customers and markets we serve.”


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