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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT: April 10, 2000
NATCO Group Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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DELAWARE 001-15603 22-2906892
(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
INCORPORATION) IDENTIFICATION NO.)
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2950 North Loop West, 7th Floor
Houston, Texas 77092
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 683-9292
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ITEM 5. OTHER EVENTS
On April 6, 2000 NATCO Group Inc. issued a press release
announcing the completion of the acquisition of Engineering Specialties,
Inc. (ESI). Based in Covington, Louisiana, ESI designs and manufactures
water processing equipment used to remove oil and contaminants from
water produced at the wellhead, primarily on offshore facilities. The
press release is filed as Exhibit 99.1 to this Current Report on Form
8-K, and the contents of such Exhibit are incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press Release, dated April 10, 2000
Pursuant to the requirement of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
NATCO Group Inc.
By: /s/ J. Michael Mayer
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J. Michael Mayer
Senior Vice President and
Chief Financial Officer
Date: April 10, 2000
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EXHIBIT INDEX
EXHIBIT
INDEX DESCRIPTION
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99.1 Press Release, dated April 10, 2000
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Exhibit 99.1
NATCO Group Completes Engineering Specialties Inc. Acquisition
(Houston, TX , April 6) -- NATCO Group (NYSE: NTG) has completed the acquisition
of water cleanup equipment provider Engineering Specialties, Inc (ESI). This
acquisition furthers NATCO Group's strategy to acquire complementary
technologies and process solutions which enhance its integrated solutions
approach to oil and gas producers' production requirements.
In addition to a complete line of oily water treatment solutions developed over
the last 30 years, the company has proprietary water technologies such as
flotation piles, BTEX-SORB for BTEX removal from oily water discharges, and
heavy metals removal systems. Most of the company's products are used at or near
the production wellhead to clean water before disposal or reinjection. ESI's
products will continue to be manufactured in Covington, Louisiana, but sales and
marketing will now be offered through all 39 NATCO Group sales offices
world-wide.
Other strategic acquisitions completed this year by NATCO Group include
Porta-Test International of Edmonton, Alberta, Canada, and Modular Production
Equipment (MPE) of Houston, Texas. Porta-Test engineers and manufactures high
performance cyclonic separation equipment and accessories. MPE engineers and
manufactures produced water treatment systems, specializing in hydrocyclone
technologies. Products and technologies from all three acquisitions will be
applied towards reducing the size and weight of oil and gas production
facilities through product and project efficiency improvements.
NATCO Group Inc. is a leading provider of wellhead process equipment used in the
production of oil and gas. The company also provides process facility
after-sales service, research, retrofits, maintenance, refurbishment, and
training. The company's systems and services have been utilized throughout most
of the world's onshore and offshore producing areas since 1926.
Media Contact:
Matt Erickson
[email protected]
713-685-8038
