DistributionNOW acquires Challenger Industries
NOW Inc. recently announced the closing of the acquisition of the business of Challenger Industries, Inc. Challenger Industries is a pipe, valves and fittings supplier for the downstream, midstream and upstream energy markets.
“We are happy to welcome Challenger’s employees to the DistributionNOW family and pleased that this acquisition will further enhance our services and product offering to our downstream, midstream and upstream customers,” NOW Inc. President and CEO Robert Workman said. “We plan to focus on larger, accretive targets in the strategic product lines and geographies where we operate, which will strengthen our ability to better serve our customers and create value for our stockholders.”
NOW Inc. has a legacy of more than 150 years and operates primarily under the DistributionNOW and Wilson Export brands. Through its network of about 300 locations and 5,000 employees worldwide, NOW offers a comprehensive line of products and solutions for the upstream, midstream and downstream energy and industrial sectors. NOW's locations provide products and solutions to exploration and production companies, energy transportation companies, refineries, chemical companies, utilities, manufacturers and engineering and construction companies.