IPSCO Inc. (Lisle, IL) and SSAB Svenskt Stal AB
(Stockholm, Sweden) announced that they have entered into an agreement
providing for IPSCO to be acquired by SSAB for US$160 per share in cash for a
total equity value of $7.7 billion.
Northwest Pipe Co. recently received three major pipe orders. The company will supply approximately 12,000 feet of 93-inch diameter steel pipe valued at approximately $6.5 million for custom-fabricated piping system
Flowserve Corp. has opened a new pump manufacturing facility in Coimbatore, India. The 100,000-sq.-ft. facility will nearly double Flowserve’s production capabilities for single-stage, multi-stage, barrel and vertical engineered and industrial
Cameron has acquired DES Operations Ltd., an Aberdeen, Scotland-based supplier of production enhancement technology for the oil and gas industry. The acquisition provides Cameron with DES’ unique MARS (Multiple Application