Varel International is a global leader in the design and manufacture of drill bits and other equipment used in the drilling and oil and gas industries. The company was founded in 1947 in Houston, Texas, United States, and has since expanded its operations to become a major player in the international market. Varel International's headquarters is located in Carrollton, Texas, where it houses its corporate offices, research and development facilities, and manufacturing plants.

The company has additional manufacturing facilities and sales offices strategically located around the world to support its global operations. The main products and services offered by Varel International include roller cone bits, fixed cutter bits, hole openers, reamers, and drill string components. These products are used in various industries, including oil and gas exploration, mining, and construction.

The company also provides comprehensive drilling solutions, such as well planning, optimization, and performance analysis. Varel International operates on a global scale, with a presence in over 120 countries. The company has established a number of noteworthy subsidiaries, joint ventures, and partnerships to expand its reach and capabilities.

For instance, in 2010, Varel International acquired The U. S. Synthetic Corporation, a leading manufacturer of polycrystalline diamond compact (PDC) drill bits.

This acquisition enhanced Varel International's technological expertise and market position. In terms of market position, Varel International is recognized as one of the top drill bit manufacturers worldwide. The company boasts a strong customer base and has established long-term relationships with major oil and gas companies.

Its global sales and revenue figures are not publicly disclosed, but Varel International has consistently demonstrated strong financial performance. Varel International has achieved significant milestones and growth throughout its history. In recent years, the company has focused on innovation and product development to meet the evolving needs of the industry.

It introduced advanced technologies and materials to enhance drilling efficiency and reduce costs. As of the latest available information, Varel International continues to operate as a key player in the drilling industry. The company remains committed to providing innovative solutions and maintaining its market leadership