Graco Oilfield Services Acquires Assets of F&F Tool Company

VERNAL, Utah, Sept. 14, 2012 /PRNewswire/ -- Graco Oilfield Services announced the acquisition of the operating assets of F&F Tool Company, a dba of MB Friend Inc., effective September 1^st, further increasing its footprint in providing services to the oil and gas industry.  With the acquisition, all F&F employees are also being extended the invitation and opportunity to join the Graco family.

"This acquisition expands Graco's exposure within the mid-continent division and will allow us to better service our existing customers while affording the opportunity to build new customer relationships," said Jon Rambo, Graco's President.  "In addition to the acquisition of F&F's operating assets, we are bringing aboard F&F's management, with whom I have great confidence and know that they, along with their team, will be a valuable enhancement to our organization.  The similarities of our core values and service offerings will allow us to continue to effectively grow an outstanding Company that puts our people and customer service above all else."

"With continuing operations out of our center in Seminole, OK, we are truly excited to be joining the Graco family," expressed Bobby Friend, F&F's President.  "It is with great anticipation to become greater than oneself, especially with the Graco organization, with whom we have developed a long standing respect over the years.  Leveraging Graco's depth of resources, services and expertise allows us to greatly enhance the benefits we are able to offer in support of the increasing demand of our customers."

Graco Oilfield Services, a dba of Graco Fishing & Rental Tools, Inc., is recognized as one of the largest privately held fishing and rental tool companies operating in the U.S.  Providing a full range of well services to major and independent oil and natural gas companies for over 30 years, Graco's markets are predominately focused on drilling and production services, which include rental tools, fishing services, pressure pumping, workover expertise, blowout preventers, circulation services, completion drillouts and packer tools & services.

http://www.gracofish.com

SOURCE Graco Oilfield Services