BROOKVILLE, Pa. and KILGORE, Texas, Sept. 27,
2024 /PRNewswire/ -- OCI, LLC, a manufacturer of
custom-built foundation drilling components for the infrastructure
and construction end markets, today announced that it has
acquired DRILLTOOLS, an industry-leading domestic manufacturer
of rotary drilling tools and excavation products.
Since its founding in 2010, DRILLTOOLS has established
itself as a trusted partner to many large infrastructure, utility,
and commercial contractors with an extensive line of drilling
products and flexible, agile manufacturing processes that enable
the business to support a diverse suite of unique production needs.
The company's core products include a wide range of auger systems,
drill bits, material removal tools, rock boring tools, conveying
tools, formed steel plates, replaceable wear products, and
consumables that can be customized for specific customer use cases.
DRILLTOOLS's products are engineered and produced in-house and
supported by a domestic supply chain with a reputation for quality
designs, exceptional lead times, proven reliability, and superior
customer service across the full drilling products lifecycle.
DRILLTOOLS will continue to serve customers primarily out of its
Texas headquarters.
"We are excited about the partnership with DRILLTOOLS and
the opportunity to expand our product suite, manufacturing
capabilities, and technical expertise to better serve our
collective customer base. DRILLTOOLS has built a reputation for
world-class customer service, and a culture that aligns well with
OCI," said Tim Lautermilch, CEO of
OCI. "We look forward to working alongside DRILLTOOLS founders Bo,
Chris, Karl and the entire DRILLTOOLS team to continue to grow our
industry-leading presence and provide our customers a more complete
solution."
"Over the past 15 years, we've built a best-in-class business
with a differentiated suite of customizable, mission critical
products, all domestically manufactured and sourced," said
Bo Steding, Co-founder of
DRILLTOOLS. "In OCI, we found a partner with a complimentary
product line and a shared vision for how to best serve the
industry. We are excited about the prospects for joint growth in
the years to come alongside OCI."
About OCI:
OCI is a market leader in supplying a
wide range of equipment to geotechnical service companies and
drilling contractors including micropile casing, drill string,
hammers and bits, augers, core barrels, swivels, and other
customized products. Founded in 1998, the company is headquartered
in Brookville, PA. For more
information, visit www.ocidivision.com.
About DRILLTOOLS:
DRILLTOOLS is the leading
domestic manufacturer of quality drilling & excavating
products, utilizing the finest materials and high production
standards. Founded in 2010, the company is headquartered in
Kilgore, TX. For more
information, visit www.drilltoolsinc.com.
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SOURCE OCI, LLC