Schlumberger sold piping and fitting distribution unit Wilson International to National Oilwell Varco earlier this month after announcing it was seeking buyers in March.
Both Wilson and a 56% stake in CE Franklin were acquired in Schlumberger’s $11.3 billion buyout of Smith International in 2010.
At the time of the sale to NOV, CE Franklin released a statement saying it was not part of the transaction and would continue to conduct business as usual.
“CE
