UPDATE: Cat, Ariel JV Announce Purchase of ProSource, to Provide Complete Pressure-Pumping Solutions
Caterpillar Inc. (NYSE: CAT) and Ariel Corporation announced today the formation of a 50-50 joint venture that will provide well service pressure pumping products for customers in the global oil and gas industry. The combined venture, Black Horse LLC, also announced the acquisition of pump manufacturer ProSource of Houston, Texas.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.