McJunkin Red Man Corp. (MRC) has entered into an agreement to acquire Bradford, UK-based Transmark Fcx Group B.V., a leading international distributor of specialty valves and flow control equipment. Transmark has a network of 45 distribution and service facilities in the UK, Europe, Middle East, Australia, New Zealand and Southeast Asia.
McJunkin Red Man President and CEO
Andrew Lanesaid, “The purchase of Transmark will strengthen
MRC’s global position as a leading distributor of pipe, valves and fittings of
MRC which began in 2007 with ther merger of McJunkin Corp. and Red Man Pipe and
Supply Co. to form McJunkin Red Man Corp.” Since that time, MRC has acquired
the remaining ownership of Midfield Supply in Canada and acquired St. Louis,
MO-based LaBarge Pipe and Steel.
The acquisition is subject to European Commission approval and
is expected to close within 30-45 days. Baird served as financial advisor to Transmark in the transaction. Additional terms of the agreement were not disclosed.
McJunkin Red Man Corp. Acquires Transmark
September 11, 2009