NEW YORK Northwest Pipe Co. is reportedly in the final stages of selling its oil country tubular goods (OCTG) assets in Bossier City, La., and Houston to energy tubulars trading firm SB International Inc., according to sources.
A final decision is expected March 28, sources said.
Dallas-based SB International, which started distributing OCTG and line pipe in 2004 and has more than 30 years of steel distribution experience, is led by president and chief executive officer Satish Gupta. If approved, this would be SB Internationals first domestic manufacturing facility.
Recently formed Centric Pipe LLC would become a purchasing arm of SB International after the deal is completed, AMM has been told.
Northwest Pipe didnt respond to a request for comment, and SB International declined to discuss the matter.
Vancouver, Wash.-based Northwest Pipe said in October that it was looking at options for its OCTG business (amm.com, Oct. 1) as it focused on its water transmission and line pipe segments.
President and chief executive officer Scott Montross said in a recent earnings call that the pipe and tube maker was down the road on a process for the assets (amm.com, March 17).
Northwest Pipe revitalized the Bossier City assets in 2010 with an investment in OCTG (amm.com, July 18, 2010). This came after it moved a line from its Portland, Ore., plant to start making OCTG casing in Houston in 2008 (amm.com, June 12, 2008).