McJunkin Red Man Corp. (MRC), based in both Charleston, WV, and Tulsa, OK, said it has entered into an agreement to acquire Transmark Fcx Group B.V., a leading international distributor of specialty valves and flow control equipment. MRC’s President and CEO Andrew Lane said, "Through the purchase of Transmark, we will expand our product and service offering, provide access to more of the world’s leading brand names, and expand our industrial distribution channel."
This is the third acquisition by MRC since being formed in 2007 via
the merger of McJunkin Corp. and Red Man Pipe & Supply.
MRC previously acquired Midfield Supply in Canada and St. Louis-based
LaBarge Pipe and Steel. McJunkin Red Man was ranked No. 3 in Supply House
Times' 2009 Premier 150 survey of wholesalers.
Transmark, based in the United Kingdom, has a network of 45
distribution and service facilities in the U.K., Europe, the Middle East,
Australia, New Zealand, and Southeast Asia. The acquisition is subject to
European Commission approval and other customary closing conditions. Additional
terms of the transaction were not disclosed.
McJunkin Red Man Buys British Valve Distributor
October 1, 2009