MRC Acquires Dresser Oil Tools & Supply
McJunkin Red Man
Corp. (MRC) announced the signing of a definitive
agreement to acquire operations and assets from Dresser Oil Tools & Supply,
as part of its strategic focus to increase its presence in the active shale
basins across North America. The Dresser unit sells PVF, oilfield production
and drilling supplies and related products. These assets generated net sales of
approximately $12 million in 2009. Dresser Oil Tools & Supply operates four
branch locations in North Dakota (Williston, Stanley, Tioga, Mohall) and one in
Sidney, MT.
