Hunting completes Doffing buy

Energy services group Hunting has completed the acquisition of WL Doffing for $20.8m. WL Doffing provides high precision machining services to the energy industry. The consideration paid is on a cash-free-debt-free basis and will be funded from Hunting's cash balances, the firms said yesterday. An additional consideration of up to $2m is also payable on the achievement of certain performance conditions.