NEW YORK MRC
Global Inc. is acquiring the operating assets of Dan H. Brown
Inc., which operates as Flow Control Products.
The transaction is
expected to close in the third quarter.
Flow Control provides pneumatic, electric and electrohydraulic
valve automation packages and related field support to the
Permian Basin energy industry, according to MRC.
The Permian Basin is
the most active oil drilling and production region in the
United States, Houston-based MRC said.
MRC is also expanding
its existing facility in Odessa into a 110,000-square-foot
regional distribution center. Flow Controlwhich recorded
revenue of $28 million in 2012 and employs 25 peoplewill
operate from that site when the expansion is complete in 2014,
Tulsa, Okla.-based McJunkin Red Man Corp. subsidiary has
extended an agreement with NiSource Inc. to provide pipe, valve
and fitting products and supply chain services to
NiSources pipeline, distribution and midstream
infrastructure modernization programs under way across
NiSource, its comforting to know we have a resource we
can depend on," Jimmy D. Staton, executive vice president and
group chief executive officer of NiSources Columbia
Pipeline Group, said in a statement.
MRCs 2012 revenue from its business with Merrillville,
Ind.-based NiSource was approximately $100 million, the company
said, noting that it has been supplying NiSource since