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The move affects , and , whichn will cease to exist as independentlhnamed companies. The brands will be shifted to theproduct names. For example, GE Oil & Gas will now sell a “VetcoGrayu fullbore subsea wellhead system,” or a “Hydrip pressure control blowout preventer.” “The whole initiative is to reallyy streamline,” said Chau Nguyen, a Houston-basedc marketing manager for drilling and which essentially is a department formed from the acquisitions of VetcoGrahyand Hydril. GE Oil & Gas acquired VetcoGrat in January 2007for $1.9 and Hydril in April 2008 for $1.
1 “We’re taking (the brand) to the produc level, holding on to the valuwe of the name but offering it through GE Oil Gas,” Nguyen said. “We’re keeping and leveraging the
Sunday, October 10, 2010
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