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The eBearing News
September 9, 2004


Dover Acquires US Synthetic
copyright © 2004 eBearing Inc.

Dover Corporation (USA) has acquired US Synthetic Corporation (USA) as part of its Dover Resources subsidiary.

Founded in 1978, US Synthetic is the leading manufacturer of oilfield downhole bearings and wear parts. The company's primary product line, and what it was originally organized to produce, is polycrystalline diamond cutters used in oilfield drill bits.

US Synthetic will become part of Dover's Energy Products Group, within its Dover Resources subsidiary. Dover's Energy Products Group companies target the drilling, completion and production of oil and gas wells.

The management team at US Synthetic is expected to stay largely in place, with Louis Pope remaining President.

Terms of the acquisition were not immediately disclosed.

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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Bruce Carr edited this content.
Copyrighted material; unauthorized reproduction prohibited.


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