06 Sep Dragon Acquires Production Tank Plant in San Angelo, Texas
Customer Demand for Surface Production Equipment Drives Decision.
Beaumont, Texas—Dragon is proud to announce the acquisition of a new 19-acre production tank manufacturing plant in San Angelo, Texas. The purchase comes in response to increased customer demand for the company’s surface production equipment in the Permian Basin.
The newly acquired facility will continue to build API certified production tanks and also has the capability to build fiberglass tanks. Dragon already has four other API approved facilities and offers a complete line of surface production equipment as well as production pumps, field service and aftermarket parts. With the recent addition of the San Angelo plant, Dragon’s manufacturing site count now stands at 21 and marks the 5th facility dedicated to the company’s surface production equipment.
“This acquisition was a customer-driven decision,” said Willo Crenshaw, President, Dragon PES Inc. “Our customers are demanding high quality, reliable equipment at a lower cost. San Angelo’s proximity to the Permian Basin and the area’s strong and capable work force provide a great solution for our customers, the San Angelo community and our company. We think it’s a win-win solution across the board.”
The plant is expected be back in full tank production under Dragon leadership by December 1. Sales, service and parts for both production pumps and production equipment will be open for business the end of September.
Dragon is a leading manufacturer of mission critical products serving the energy and industrial industries. Based in Beaumont, Texas and family owned and operated since 1963, the Dragon name is synonymous with “severe duty engineered” equipment for a broad range of applications including well servicing, bulk storage, liquid and solids hauling, and a variety of pumping and mud solutions. Their equipment portfolio includes tanks and trailers; roll off equipment; pumps and stimulation equipment; mobile workover rigs; and surface production equipment.