Two Southwestern PVF powerhouses will join forces as the result of a planned acquisition of the assets and business operations of R.J. Gallagher Co. by Red Man Pipe & Supply Co. The two firms have signed a definitive agreement to the acquisition and plan to finalize the deal during the fourth quarter.
The acquisition will strengthen Red Man's presence in the Houston area, particularly in stainless steel. Red Man entered the Houston industrial-PVF market in 1995, when the company bought the industrial-PVF division of Vinson Supply. The acquisition also expands the downstream capabilities of Red Man, which has long been known as a supplier for oil-field exploration and production, and gives the company a prominent position in the stainless-steel and alloy markets.