McJunkin Red Man Buys British Valve Distributor
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.