GE Oil & Gas has completed its previously announced plans to purchase Salof Companies, a Texas-based manufacturer of cryogenics equipment and small-scale liquefied natural gas (LNG) technologies.
‘Adding Salof to our portfolio expands our capabilities and manufacturing footprint in the small LNG space, while Salof can draw upon GE's breadth and global operations, positioning both companies for growth in this sector,’ says Daniel C. Heintzelman, president and CEO of GE Oil & Gas.
Salof has 200 employees in Schertz, Texas, and support staff is located in China at its Beijing enCryo Engineering Co. Ltd. joint venture. GE will be acquiring a 50% ownership stake in that JV.
