NATCO Group was a medium-sized company based in

Houston, Texas Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

, officially founded in 1988 but essentially the successor of the National Tank Company which was founded in 1926; it manufactured equipment for separating

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

and

water Water (chemical formula ) is an inorganic, transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of all known living organisms (in which it acts as a ...

from one another, which is used in most oil-producing regions of the world. Its turnover in 2008 was $650 million and it had 2400 employees. In November 2009 it was acquired by Cameron International in a $780 million all-stock transaction, the intent being to insource processing and separation products for Cameron. In January 2010 NATCO settled an FCPA case, admitting that it had paid bribes to Kazakhstan officials who would otherwise have questioned the immigration status of its workers there and invoiced for them as miscellaneous expenses. Whilst most of its revenue came from the US, it had projects in Kazakhstan, south-east Asia and the Canadian oil sands

References

Companies formerly listed on the New York Stock Exchange Energy companies of the United States Oilfield services companies Manufacturing companies based in Houston {{US-energy-company-stub