McJunkin Corp, Cameron & Barkley and their joint venture McJunkin-Cambar have signed an agreement to acquire certain assets of 18 Fairmont Supply Co. industrial-supply branches and stores-management sites.
McJunkin Corp. (Charleston, W. Va.), Cameron & Barkley (Charles-ton, S.C.) and their joint venture McJunkin-Cambar have signed an agreement to acquire certain assets of 18 Fairmont Supply Co. industrial-supply branches and stores-management sites. The purchase involves Fairmont locations in Niagara, N.Y.; Parkersburg and Charleston, W. Va.; Circleville, Ohio; Wilmington, Del.; Mobile, Ala.; Beaumont, Houston and Victoria, Texas; Ponchartrain, La.; and Chattanooga, Nashville and Memphis, Tenn.
The 18 sites involved in the sale represent half of Fairmont's total of 36 facilities. Fifteen of the facilities are bricks-and-mortar locations, which will be owned by McJunkin or Cameron & Barkley; the others are in-plant arrangements. The three acquirers will continue to serve DuPont and other customers from either the existing Fairmont branches or, in Chattanooga and Nashville, McJunkin's and Cameron & Barkley's own facilities.