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Dresser Industries was a multinational corporation headquartered in Dallas, Texas, United States, which provided a wide range of technology, products, and services used for developing energy and natural resources. In 1998, Dresser merged with its main rival Halliburton. [1]
In September 1999, Dresser Industries merged with Halliburton Industries, and transferred its 51% ownership interest of Dresser-Rand Company to Halliburton. [11] Due to agreements made in the original venture, Dresser Industries, then a unit of Halliburton, was required to either purchase the remaining interest in Dresser-Rand Company or sell ...
In 1998, Halliburton merged with Dresser Industries, which included Kellogg. Prescott Bush was a director of Dresser Industries, which is now part of Halliburton; his son, former president George H. W. Bush , worked for Dresser Industries in several positions from 1948 to 1951, before he founded Zapata Corporation .
KBR and Halliburton also paid $177m USD in disgorgement of profits to the Securities and Exchange Commission (SEC) due a civil complaint filed by the SEC relating to the FCPA charges. [49] Former CEO Albert Jackson Stanley, who ran KBR when it was a subsidiary to Halliburton, was sentenced to 30 months in prison via plea agreement. [50] [51]
Wellstream was acquired by Dresser Industries in 1995 and subsequently became part of Halliburton when it merged with Dresser in 1998. Halliburton sold off Wellstream to a Candover -led consortium for $136 million in 2003, [ 3 ] which in turn listed the firm on the London Stock Exchange in April 2007. [ 4 ]
Chest of drawers from the 18th century, collection King Baudouin Foundation. A chest of drawers, also called (especially in North American English) a dresser or a bureau, [1] is a type of cabinet (a piece of furniture) that has multiple parallel, horizontal drawers generally stacked one above another.
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