McJunkin in deal to buy OneSteel pipe unit
Dec 22, 2011 | 02:51 PM
| Michael Cowden
Tags
McJunkin Red Man,
Andrew Lane,
OneSteel,
Geoff Plummer,
LiteSteel Technologies,
steel,
Michael Cowden
TORONTO — McJunkin Red Man Holding Corp. has signed a deal to acquire the piping systems business of OneSteel Ltd. for Australian $67 million ($67.9 million) in an effort to boost its presence in Australia and Asia.
Such an acquisition gives the Houston-based distributor of pipes, valves and fittings, and related products and services access to customers in Australia—especially those in the oil and gas sectors, as well as mining and mineral processing businesses—and provides them with a "one-stop solution" for pipe, valve and fitting needs, McJunkin chairman, president and chief executive officer Andrew Lane said in a statement.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here