Innovex International, Inc. announced the completion of the sale of its Dril-Quip Houston Eldridge Facility. The final sale price for the facility was $90 million.
This completion finalizes a strategic divestiture that was previously announced, aimed at consolidating facilities and improving operational efficiencies across the company. The sale provides significant liquidity to Innovex.
The divestiture is a key component of Innovex's broader strategy to optimize its operating footprint and drive cultural change. The proceeds from the sale further strengthen the company's balance sheet and financial flexibility for future investments.
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