American Piping Products Inc. has acquired the assets of Ozark
Tubular Products Inc.
"Ozark is the first of
what I hope will be a number of highly targeted acquisitions.
Our historic growth has been organic. However, acquisitions
enable us to complement our internal growth efforts and provide
our target markets with additional products, services and
resources," American Piping Products chief operating officer
and chief financial officer Matt Danis said.
Mo.-based company, which didnt reveal the terms of the
deal, couldnt be reached for comment.
Products revenue increased to $185 million in 2012 from
$63 million in 2009, according to its website.
Ellisville, Mo.-based Ozark is a distributor of alloy,
large-diameter, stainless and carbon steel pipe, according to
its website, while American Piping Products distributes carbon
and chrome-molybdenum pipe, tubing, fittings and
flanges from facilities in St. Louis, Houston,
Philadelphia, Chicago and Baton Rouge, La.