Grifco International Inc.
GFCI
Other OTC0.00
USD
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Grifco International Inc.
GFCI
(Other OTC)
Recent
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Grifco International, Inc. (GFCI) specializes in the design, development, and provision of oil and gas services equipment, including coiled tubing tools, wireline tools, snubbing tools, completion tools, drilling tools, cementing tools, workover tools, fracturing tools, and related downhole solutions such as milling valves, sand jetting subs, hydraulic extended tools, retrievable packers, liner hangers, dissolvable frac plugs, screens, casing pup joints, hydraulic setting tools, and wireline setting tools; the company serves the coil tubing, wireline, and snubbing industries with one-stop downhole tool solutions for well stimulation, completion, and operations. Founded in 1981 in Louisiana and headquartered at 2507 North Fraiser, Suite 410, Conroe, Texas 77303, United States, Grifco operates primarily in the United States, China, Mexico, and South America, targeting oil fields and Fortune 500 energy clients with products certified under API Q1, ISO9001, API5CT, API7-1, and API 11D1 standards, supported by over 1,000 product categories, more than 100 patents, and R&D staff comprising over 30% of its workforce. The company became publicly traded in November 2004 via a reverse merger on OTCPK and underwent a 2005 acquisition stock purchase agreement; no major recent partnerships, funding rounds, acquisitions, new product launches, or strategic expansions have been reported in the last 1-2 years amid limited financial disclosures, with the most recent earnings data from 1997-1998.