Energy co. sells business unit to another Houston co. after recent bankruptcies

Houston-based Key Energy Services Inc. (NYSE: KEG) recently sold a Canada-based business unit to Houston-based manufacturer AFGlobal Corp.

The amount AFGlobal paid for Advanced Measurements Inc., a technology development and controls system business, was not disclosed.

“The sale of AMI represents another step in our effort to fully exit all markets outside of the U.S., Robert Drummond, Key’s president and CEO, said in a press release. “This divestiture allows Key to further streamline the company…

Energy co. sells business unit to another Houston co. after recent bankruptcies syndicated post

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