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.”