Red Man Completes Canadian Purchase

Red Man Pipe & Supply Co. has completed the purchase of the majority ownership of Midfield Supply Ltd., a privately-held corporation based in Brooks, Alberta, Canada. Midfield currently has 44 locations in Alberta, 11 in Saskatchewan, and 2 in British Columbia, all serving the energy industry in central and western Canada. In addition to the Canadian locations, they operate one location in Montana. The company will operate under the name of Midfield Supply Company in Canada.

Craig Ketchum, president and CEO of Red Man Pipe & Supply Co., states: “Midfield will enhance Red Man's strength in the North American market, providing energy, gas transmission and distribution industries with its extensive product base and experienced personnel.”

Midfield offers a broadened geographic, service and product base for Red Man. Their wide range of products and services include comprehensive lines of PVF and other products used in the energy industry. They also manufacture process equipment, tanks, and offer installation, reconditioning, consulting services, and warehousing functions. In 2002 and 2003, Deloitte and Touche selected Midfield Supply Ltd. as one of Canada's 50 best-managed companies.

Red Man, established in 1977, is a minority-owned distributor of products principally used in the upstream, midstream, and downstream segments of the energy industry. The addition of these new locations will bring the number of service and supply centers operated by Red Man in 20 different U.S. states and three Canadian provinces to over 125 locations across North America. Red Man also operates eight sales offices, as well as Red Man Measurement Co., a fabrication facility in Tulsa, OK, serving the gas industry; and Red Man Automation, a division specializing in valve automation packages in Tulsa, OK, and in Salt Lake City, UT. In addition, Wesco Equipment, Inc., a valve actuation company with locations in Houston, TX, Denver, CO, and Birmingham, AL, is operated as a subsidiary of Red Man, providing and mounting actuators for all valve manufacturers.