HOUSTON TX, June 8, 2021 – AFG Holdings, Inc. (“AFG” or the “Company”) today announced that it has acquired the shares of Maass Flange Corporation and its affiliated business in Mexico and Canada. Maass Flange Corporation is the largest domestic manufacturing supplier of stainless and nickel alloy flanges in North America.
“Maass’ market-leading positions in stainless and nickel alloys aligns well with AFG Holdings’ market leadership in carbon flanges, creating combined...
Read More AFG Holdings Enters Arrangement with OPRA Turbines Group
Company Transfers Airem Energy Assets to Leading Gas Turbine Provider
Houston, TX, July 14, 2020 – AFG Holdings, Inc. today announced that they have finalized an agreement to sell majority interest in Airem Energy to the OPRA Turbines Group. Airem Energy offers small gas turbines and energy solutions for the market in the Americas and has a prior relationship with the OPRA Turbines Group.
The OPRA Turbines Group, a leading provider of...
Read More AFGlobal Earns API 20E and 20F Certifications for Critical Bolting
HOUSTON, TX, February 20, 2019 -- AFGlobal today announced that it has earned both API 20E and API 20F certifications for its engineered bolting business. Successful achievement of these two distinguished certifications places AFGlobal in a unique position as one of the select global manufacturers recognized as capable of meeting the highest standards for land and subsea critical bolting.
AFGlobal began manufacturing API 20E and API 20F Monogrammed bolts for customers...
Read More AFGlobal Launches Energy Solutions Offering
HOUSTON, TX, January 22, 2019 -- AFGlobal announced today the launch of its Energy Solutions group to address the power needs of oil and gas and industrial customers. With a growing focus on industrial energy efficiency and mobilization, this business segment will service these markets with sustainable energy solutions.
AFGlobal's Energy Solutions encompass three technology focus areas, including:
Power Systems offering customizable power solutions for both oil and gas and industrial applications. Providing...
Read More AFGlobal Corporation Enters Restructuring Support Agreement with its Lenders
Company to Reduce Leverage Substantially, Continues Key Leadership Role in Oil and Gas Technology, Products and Services
HOUSTON, TX, May 1, 2017 -- AFGlobal Corporation formally announced today (as previously disclosed) that it has entered into a Restructuring Support Agreement (RSA) with majority support from its senior lenders and launched a solicitation for a pre-packaged reorganization plan that will substantially reduce AFGlobal's debt service obligations and position it for long-term success....
Read More AFGlobal UK Receives ISO 9001:2015 Certification
UK facilities earn joint ISO 9001:2015 certification standards for their Management System
HOUSTON, TX, September 20, 2016 -- AFGlobal Corporation today announces that the Company's UK facilities in Knaphill and Bromborough have earned a joint ISO 9001:2015 certification standard for their Management System. This certification represents the first award for the current standard across the AFGlobal enterprise.
The elevated certification will help the Company evolve the business as a vertically integrated subsea...
Read More AFGlobal to Acquire Managed Pressure Operations
Combination creates most complete deepwater MPD offering from a single OEM
HOUSTON, TX, July 14, 2016 – AFGlobal Corporation today announces that it has agreed to acquire Managed Pressure Operations (MPO), a subsidiary of MHWirth. As a vertically integrated supplier, this acquisition further solidifies the company's position as a specialized original equipment manufacturer (OEM). The resulting combination of companies creates the most complete deepwater managed pressure drilling (MPD) offering currently available...
Read More AFGlobal Awarded Prestigious Industry Award
Company receives Offshore Technology Conference (OTC) Spotlight on New Technology award for Next-Generation Riser Gas Handling System
HOUSTON, TX, May 2, 2016 – AFGlobal Corporation today received the OTC Spotlight on New Technology award for its proprietary Riser Gas Handling (RGH) system. This technology improves traditional drilling efficiencies while helping to mitigate safety concerns and significant risk on deepwater drilling operations. The company was honored at a ceremony held at OTC...
Read More AFGlobal Facility Awarded API Q1/ISO 9001:2008 Certification
Company responds to increasing oil and gas requirements
HOUSTON, TX, February 2, 2016 -- AFGlobal Corporation today announces that its Allpoints facility in New Iberia, Louisiana has been awarded API Q1 quality management and ISO 9001:2008 certification related to the manufacture, repair and service of risers and subsea equipment.
These new certifications demonstrate the Company's ongoing commitment to achieving and maintaining the highest industry standards for quality management systems and processes. The API...
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