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Collins Pipe & Supply Co., one of the largest industrial distributors of pipe, valves and fittings, and engineered specialties serving the Northeast, announced it has successfully finalized an agreement for the acquisition of the assets and staff of the Marcus Hook, Pa., location of Apex Remington Pipe & Supply Co. (formerly Bear Tubular). The amount for the acquisition was not disclosed.
All of the Apex Remington key employees are to remain in place to manage and operate the new Collins location. The acquisition expands Collins Pipe & Supply Co. distribution and engineering services into the largest industrial marketplace in the Mid-Atlantic region.
The new Collins Pipe & Supply Co. location in Marcus Hook, Pa.
“We are delighted to announce this acquisition and that the dedicated and experienced Apex Remington staff will be joining the Collins team,” said President of Collins Pipe & Supply Co. Brian Tuohey. “This acquisition strengthens Collins in two key areas. This company has been recognized as a highly respected master distributor of carbon steel pipe up and down the eastern seaboard for the last 40 years and they also have a very strong presence in the greater Philadelphia oil and gas refinery market and that market is experiencing a very strong resurgence and should continue to grow and expand for many years to come.”
Collins has built its company by encouraging every employee to “think like an entrepreneur” and they back that up by sharing a significant percentage of its annual profits with every single member of its team. The average tenure of a Collins associate is currently an impressive 19+ years.
“Joining the Collins team was a “win/win,” for both companies” said VJ Jacono Jr., the manager of the Marcus Hook facility. “Collins was a natural fit because the acquisition enables both companies to grow and expand with additional product strength into new geographic regions. It is truly one of those extremely rare occurrences, when one and one actually do make three.”
Collins continues to be headquartered in East Windsor, Conn. The company currently has seven locations, including the centrally located new Marcus Hook facility, in New England and upstate New York.