Cactus completed the acquisition of FlexSteel for $621m.

Cactus, a company designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment, completed the acquisition of FlexSteel, a company designs, manufactures, sells and installs highly engineered spoolable pipe technologies, for $621m. “We believe the acquisition of FlexSteel offers a unique opportunity for Cactus and enhances our position as a premier manufacturer of spoolable pipe technologies delivered directly to our industry’s end-users. We are excited about the ability to add these specialized products, technologies and associates to the Cactus family,” Scott Bender, Cactus President and CEO.