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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]
Dresser Industries was created from the 1938 merger of the Solomon R. Dresser Company (founded in Bradford, Pennsylvania) and the Clark Brothers Company (founded in 1880 in Belmont, New York; moved to Olean, New York in 1912).
In 1977 Dresser Industries, Inc. purchased Marion Power Shovel for approximately US$250 million. The company grew from 1,500 employees in 1974 to over 3,200 employees by 1978 under the direction of Putt McDowell during the massive growth in coal mining demand of the late 1970s.
Mallon served as chair of the board, president, and director of Dresser Industries.He was also the president of Dresser Manufacturing Limited (Toronto, Ontario, Canada); the chair of the board, director, Bryant Heater Company (Cleveland, Ohio); factory manager, general manager, director 20–29, US Can Company (Cincinnati, Ohio); 19–20 w/Continental Can Company (Chicago, Illinois); Director ...
In 1974, Waukesha Motor Company was sold to Dresser Industries and became Dresser's Waukesha Engine Division; [1] its typical nicknames afterward were Waukesha Engine [2] and Dresser Waukesha. [3] In 1989, [1] Dresser acquired the Brons company of the Netherlands. In 2010, Dresser, including Dresser Waukesha, was acquired by GE Energy. [4]
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]
After Halliburton acquired Dresser Industries, KBR was created in 1998 when M.W. Kellogg merged with Halliburton's construction subsidiary, Brown & Root, to form Kellogg Brown & Root. In 2006, the company separated from Halliburton and completed an initial public offering on the New York Stock Exchange.
Komatsu and Dresser Industries established Komatsu Dresser to make mining tractors and related equipment in 1988. [9] This 50-50 ownership lasted from September 1988 to August 1994, when Komatsu bought out Dresser's share. [9] Komatsu's mining products were consolidated under the name Komatsu Mining Systems in 1997.