FMC Technologies expands with land purchase

FMC Technologies announced Thursday it has purchased a 173-acre parcel of land in northeast Houston, saying it will offer the fast-growing company more options in the future.

The property, located on the Sam Houston Tollway between Interstate 10 and U.S. 59, is part of the 4,000 acre Generation Park development.

FMC Technologies, a Houston-based oil and gas equipment manufacturing company, purchased the land from McCord Development Inc. The purchase price was not disclosed.

The company noted that it has grown rapidly over the past few years; earlier in the day it said it had finalized a deal with LLOG Exploration to provide subsea equipment for a deep-water offshore exploration project in the Gulf of Mexico, expected to generate $114 million in revenue.

FMC works around the world; its corporate headquarters is in north Houston.