Fluor Acquires Texas-based Sulfur Technology Company
Niche acquisition enhances Fluor’s global technology offerings for upstream and downstream projects
IRVING, Texas, Nov 07, 2011 (BUSINESS WIRE) — Fluor Corporation (NYSE: FLR) announced today that the company has made a niche acquisition of Goar, Allison & Associates, a unit of Air Products. The Tyler, Texas-based company provides sulfur technologies for upstream gas plants, downstream refineries and gasification. The acquisition is consistent with Fluor’s ongoing evaluation of pursuing companies in key areas to support the oil and gas sector and other core Fluor markets.
Goar, Allison & Associates (GAA) was founded in 1975 and has been owned by Air Products since May 2008. Fluor has been actively involved working with GAA for nearly 20 years due to the company’s core sulfur handling technologies–oxygen enrichment for Claus sulfur plants and molten sulfur. GAA’s core technologies are complementary to Fluor’s existing sulfur technologies. GAA has installed more than 100 applications of its sulfur degassing technology in refineries and sour gas projects worldwide.
“Fluor’s acquisition of Goar, Allison & Associates provides additional value for oil and gas clients in both the upstream and downstream capital project segments,” said Peter Oosterveer, president of Fluor’s Energy & Chemicals Group. “As we’re called upon by clients to provide services in ever more remote locations around the globe, our ability to provide them added-value technology will be enhanced particularly in the Middle East, Brazil, China, Russia, Kazakhstan, Canada and Venezuela.”