McJunkin Red Man President and CEOAndrew 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.
Report Abusive Comment