Draka acquires Pressure Tube

Draka has reached an agreement to acquire Pressure Tube Manufacturing (PTM), a specialty tubing manufacturer located in New Jersey, US. Production takes place in Bridgewater with around 45 employees. PTM manufactures small diameter corrosion resistant tubing used in a range of applications from the control of hydraulic safety valves on oil wells to chemical injection in natural gas wells which both maximize production and inhibit corrosion.

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