McJunkin Red Man Corp. bought the Valves Systems and Control business unit of Curtiss-Wright Flow Control Corp.
McJunkin Red Man Corp.(MRC) announced the signing of an asset
purchase agreement for the acquisition of the operations and assets of the
legacy distribution business of the Valve Systems and Controls (VSC) business
Curtiss-Wright Flow Control Corp.This transaction is
expected to close by the end of July.
Since 1974, VSC has
specialized in providing high quality valve and valve automation solutions to
the energy and industrial. In addition to its Houston headquarters, VSC also
operates a sales office in Baton Rouge, LA, led byLance Lorance,
who will join the MRC management team.
in Houston, Texas, MRC is said to be the largest global distributor by sales
volume of PVF and related products and services to the energy and industrial
sectors, and supplies these products and services across each of the upstream,
midstream and downstream markets.
acquisition is another step toward MRC providing the most complete valve
solution capabilities in the industry worldwide,” saidRory
Isaac, MRC executive VP of Business Development. “VSC’s ability to
customize valve orders to fit nearly any flow control need is a significant
skill that is valued by our customers.”
Source: McJunkin Red Man Corp.
MRC Buys Curtiss-Wright Valve Business
July 25, 2011