News | Fritz Industries, Inc.

Fritz Industries, Inc. Brings Innovative Long-Term Scale and Paraffin Inhibitor Solution to Customers Globally

June 29th, 2016 News

New product line, previously custom manufactured for Baker Hughes, increases well production and reduces downtime

(Mesquite, TX) – Fritz Industries, a leading manufacturer of oilfield products, announced today that it has reached an agreement with Baker Hughes Incorporated. Under the terms of the agreement, Fritz is now licensed to offer select flow assurance products to the market. These products were previously custom manufactured exclusively for the Baker Hughes’ StimPlus™ Sorb product line. “Fritz has been producing these products exclusively for Baker Hughes under Baker Hughes patents for several years. I believe the value of this technology proves itself and has drawn significant interest from other service companies,” said Dan Montgomery, Fritz Industries CEO. “We have seen great success with these products, both cost-saving and environmentally, and are pleased to now offer them to the global marketplace.”

The two products, FlowSure™ PI-400 and FlowSure™ SI-503, provide long-term paraffin and scale control for the oil and gas industry. Fritz Industries’ FlowSure™ products are added to the proppant pack and placed deep into the formation, where they can inhibit deposition and reduce costly production problems.

FlowSure™ PI-400, a controlled release solid paraffin inhibitor, decreases costs by reducing downtime caused by paraffin in the near-wellbore area and can decrease costly interventions. Because the product is dry, it is environmentally preferable to conventional liquid additives without sacrificing performance. Read more about FlowSure™ PI-400

FlowSure™ SI-503 is a controlled release solid scale inhibitor that has been utilized in thousands of hydraulic fracturing jobs across the U.S. and Canada. Historical data shows that the scale inhibitor can be effective up to 5 years. It is cost-efficient, increasing production and reducing downtime due to scale in the near-wellbore area, and ideal for remote locations with operational obstacles. Read more about FlowSure™ SI-503

“Since entering into this license agreement with Baker Hughes, we have identified several leads with new and existing clients for our FlowSure™ product line,” said Walter Fortin, Senior Director of Sales and Marketing. “We are anticipating that this new opportunity will be a huge win for both our customers and our company.”

The FlowSure™ product line is compatible with most common stimulation fluids. For more information about the products or for a product sample, contact [email protected].

About Fritz Industries, Inc.

Fritz Industries is an employee-owned company specializing in applied chemistry and innovative manufacturing. Founded in 1956, it has grown into an international manufacturing company serving hundreds of customers around the world. The oilfield division offers a complete portfolio of oilfield products applied in hydraulic fracturing, drilling, cementing and production enhancement. Fritz Industries also offers custom manufacturing and product development for the oil and gas industry. For more information about Fritz Industries, visit: www.fritzind.com.

About Baker Hughes Incorporated

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company’s 49,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information about Baker Hughes, visit: www.bakerhughes.com.

Fritz Aquatics reaches Royalty Agreement with Sergeants

July 25th, 2014 Media, News

Fritz will Manufacture and distribute Mardel Aquarium Products

Fritz Industries, is proud to announce a royalty agreement with Sergeants Pet Care Products, Inc. for their Mardel and Aquarium Product lines of aquarium medications and water quality products. Fritz Industries, who has been manufacturing the majority of the Mardel line for more than six years under a private label, will now also be the distributor.

“We at Fritz are very close to the Mardel line and are proud to be able to continue it under the Fritz banner,” said Mike Noce, Fritz Industries Sales Manager. “The Mardel products are a fantastic addition to our existing line of chemical and biological aquatic products.”

Products in the royalty agreement include: CopperSafe, Maracyn, Maracyn 2, MarOxy, Maracide, Maracyn+, ProtoShield, ParaShield, BacterShield, QuickCure, Crystal Clear, Clout
and BioZyme.

“I’m excited to see the Mardel line continue with a company like Fritz Industries,” said Colin Brodie, Senior Director of Marketing at Sergeants Pet Care Products, Inc. “We chose Fritz because they were a FDA approved facility and provided the highest quality products.”

Fritz Industries will begin distributing the line nationally in October 2014.

Fritz Aquatics is a brand of aquarium products manufactured by Fritz Industries, Inc. Fritz Aquatics products are used by zoos, public aquarium exhibits, aquaculture professionals and home aquarium hobbyists. For more information about Fritz Aquatics visit the company’s website at www.fritzaquatics.com.

Fritz Family Picnic 2014

July 24th, 2014 News

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TEF Investment in Fritz Industries Creating 250 Jobs

July 17th, 2014 News

Gov. Rick Perry today announced Fritz Industries Inc. is opening a manufacturing and office facility in Greenville, creating 250 jobs and $37.5 million in capital investment. The state is providing $800,000 through the Texas Enterprise Fund to close the deal on this expansion and job creation.

“Texas continues to be a national example for creating jobs and opportunity thanks to our low taxes, smart regulations, fair courts and skilled workforce,” Gov. Perry said. “This TEF investment in Fritz Industries will create hundreds of jobs in Greenville, pump millions of dollars in capital into the local economy, and further strengthen our state’s economy.”

Fritz Industries manufactures products used in drilling and cementing, and stimulation fluids that are critical to the daily operations of oilfield service companies. The company conducts research and development to improve productivity in new oil and gas wells and extend the life of existing wells. Employees at this facility will fill production, supply chain, quality assurance, engineering, maintenance, information technology and human resources positions.

“Fritz Industries is an employee-owned, Texas-based company, and we are proud to make this significant investment in the city of Greenville,” Fritz Industries President and CEO Dan Montgomery said. “This Texas Enterprise Fund investment will help build a state-of-the-art facility that is critical to introducing new initiatives in the oilfield industry and will create employment opportunities for Greenville residents.”

“I want to personally thank Gov. Perry, Sen. Deuell and Rep. Flynn for their tremendous support for Greenville. We worked very hard with the state to make this deal happen. Dan Montgomery and his team at Fritz Industries filled a major void in our tax base and employment base,” Greenville Mayor Steve Reid said. “I also want to commend the Greenville economic development team of: Chairman Larry Green Jr. and board members, CEO Greg Sims and staff, the City Council and city staff, our County Judge John Horn and commissioners, GISD Board President Anne Hayes and Superintendent Don Jeffries and staff, and GEUS Board, Chairman David Dreiling and David McCalla General Manager and staff for their relentless efforts. Congratulations to all involved!”

“I am excited to see Fritz Industries locate their manufacturing plant in Hunt County. I was honored to be part of a great team effort with the Governor’s Office and local leadership to see this get accomplished,” Sen. Bob Deuell said. “This will have a profoundly positive impact on our local economy, and I look forward to seeing this community partnership grow and flourish.”

“I appreciate the Governor’s Office working so closely with the economic development team, leadership in Greenville and with our office to help bring this company and its many jobs to our area. We welcome them,” Rep. Dan Flynn said.

The Legislature created the TEF in 2003 and re-appropriated funding in 2005, 2007, 2009, 2011 and 2013 to help ensure the growth of Texas businesses and create more jobs throughout the state. TEF projects must be approved by the governor, lieutenant governor and speaker of the House. The fund has since become one of the state’s most competitive tools to recruit and bolster business. To date, the TEF has invested more than $498.9 million and closed the deal on projects generating 69,277 new jobs and more than $20.8 billion in capital investment in the state.

Fritz Recognized with Community Investment Award

January 23rd, 2014 News

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