NW Pipe mulls options for its OCTG operations
Oct 01, 2013 | 02:54 PM
| Michael Cowden
CHICAGO Northwest Pipe Co. is reviewing its oil country tubular goods (OCTG) business as it focuses on water transmission.
The Vancouver, Wash.-based steel tube and pipe producer said the strategic review could lead to acquisitions, divestitures or joint ventures.
"Our long-term desire is to sharpen our focus on growing our core water transmission business through organic initiatives like the recent $12-million investment in our Saginaw, Texas, facility, as well as through acquisitions," Northwest Pipe president and chief executive officer Scott Montross said in a statement Sept. 30. The Saginaw mills spiral-weld steel pipe size range is expected to increase to 126 inches in....
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