Late spring saw Aberdeen company Downhole Products gobbled up by fast-growing Varel International for an undisclosed sum. What perhaps differentiates this deal from so many others is that Varel's president is a Scot who led a management buy-in of the US firm in 1998 when it was about the same size as the latest target.
July 7th 2008, 2:21 am
5 min read
Late spring saw Aberdeen company Downhole Products gobbled up by fast-growing Varel International for an undisclosed sum. What perhaps differentiates this deal from so many others is that Varel's president is a Scot who led a management buy-in of the US firm in 1998 when it was about the same size as the latest target.
