OREM — US Synthetic Corp.'s acquisition by New York-based Dover Corp. has been completed.
Terms were not disclosed.
US Synthetic supplies polycrystalline diamond cutters used in drill bits for oil and gas exploration. It will join the Energy Products Group of companies in the Dover Resources subsidiary.
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Dover is an industrial manufacturer with more than $5 billion in annual revenues and is comprised of approximately 50 operating companies that manufacture specialized industrial products and manufacturing equipment.