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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]
The company was founded in Panama City, Florida in 1983 as a supplier of equipment to offshore developers. Wellstream was acquired by Dresser Industries in 1995 and subsequently became part of Halliburton when it merged with Dresser in 1998.
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).
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.
After earning an economics degree from Yale in 1948, H.W. Bush took a job with oil and energy company Dresser Industries, which was owned by a family friend. Shortly after his appointment with ...
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. [31]
In 1960, Jorge Díaz Serrano of Mexico was put in touch with Bush by Dresser Industries. Dresser was owned by Prescott Bush's Yale friends Roland and W. Averell Harriman, and had been George H.W. Bush's first employer upon his graduation from Yale, giving him his start in both the oil business and the defense contractor business.