FlexSteel's innovative flexible pipe technology was developed from the offshore roots of Wellstream International Limited (Wellstream), a UK-based manufacturer of premium deepwater flow lines and risers for the oil and gas industry. Now a Baker Hughes company, Wellstream drew on more than two decades of experience manufacturing steel reinforced pipe for demanding offshore environments to pioneer the best possible solution for onshore and shallow water pipeline applications. Full production of FlexSteel began in 2005, bringing to market a product that couples the best features of flexible pipe with the durability of steel.
In 2009, FlexSteel was acquired by Prime Natural Resources (Prime), a privately owned business headquartered in Houston, TX. Prime acquired FlexSteel through its newly formed, wholly owned subsidiary, Prime Flexible Products, Inc.
In June 2011, FlexSteel announced the change of their name from Prime Flexible Products, Inc. to FlexSteel Pipeline Technologies, Inc. In 2012, the Baytown manufacturing facility began operating, and today produces all FlexSteel pipe. The business’s differentiated products led to rapid growth under Prime’s ownership, and between 2011 and 2022 revenue grew on average more than 10% annually. In February 2023, Cactus, Inc., an NYSE-traded premium energy equipment manufacturer, acquired FlexSteel and has begun a new phase of growth for the busines.
EXTREME VALUE:
FlexSteel's products have traditionally been used in the production and transportation of oil and gas products, but our solutions-based approach has opened up many more applications and markets where FlexSteel adds extreme value. We also offer premium services, tools, and equipment that complement our products and add additional value for our clients and partners.
