The Conrex Group of Companies makes major acquisition of Oklahoma-based Prescor, further increasing capacity and capabilities to better serve customers across North America.
Toronto, Ontario, Canada and Tulsa, Oklahoma, May 2023:
The Conrex Group of Companies, under the leadership of President Larry Harrison today announced the acquisition of Prescor LLC, located in Tulsa, Oklahoma.
Conrex Steel Ltd, is one of Canada’s leading manufacturers of ASME-code heads for tanks and pressure vessels. The acquisition will expand the company’s reach into the US market, providing expanded regional delivery channels and efficiencies.
This is a significant step in Conrex Steel long term expansion strategy and the benefits to both companies will be substantial. This move will allow Conrex Steel to provide that assurance in one of the most prominent vessel manufacturing regions in the US.
The move marks a new beginning for Prescor, a family-run business with a rich 50-year history of success, quality, and customer service. Organizational structure and culture was a big consideration driving the acquisition, aligning perfectly with Conrex.
“There is a genuine synergy between our two companies”, says Larry Harrison, President of Conrex Steel. “Our offerings are very similar, which will allow us to service the North American market even more efficiently. But more than that, what attracted us to Prescor is their values; the way they do business. Just like Conrex, they focus on people and quality.”
“We have had conversations with Conrex for over 10 years, and we know them well enough to feel they will act in the best interests of our employees, as well as grow the company further”, says Wally and Tom Trepp, the owners of Prescor.
Prescor has been manufacturing heads for over 50 years and because their die range is so complete (up to 96” ID) it adds value to the combined capabilities of both companies since Conrex’s new press takes over from 96” up to 192” ID, therefore, the overall capabilities of both entities are immediately enhanced.
ABOUT CONREX STEEL
Conrex Steel Ltd. is an ASME Code Head Fabricator for the Tank & Pressure Vessel industry. They are also known for fabricating formed elbows, spheres and have capabilities like special forming, stress relieving and shot/grit blasting.
PRESCOR, founded in 1969, is based out of Tulsa, Oklahoma. PRESCOR specializes in 2:1 elliptical heads and weld-caps. They also manufacture dished only, hemispherical, flanged only and flanged & dished heads. Its hydraulic presses are capable of hot forming steel discs into tank heads up to eight feet in diameter, and thicknesses from 1/4″ to 4”. Learn more at www.prescor.com