TPi May 2014

business & market news

International acquisitions for MRC MRC Global Inc, a distributor of pipe, valves, and fittings and related products and services to the energy industry, has acquired Stream AS.

The company specialises in piping requirements in Duplex, Super Duplex, 6% molybdenum, stainless steel and nickel alloys. In its two main facilities, Flangefitt maintains substantial stocks of European manufactured finished and semi-finished products from NORSOK approved manufacturers. Flangefitt will be operated as ‘MRC Flangefitt’. Andrew Lane, MRC chairman, president and CEO, commented, “These acquisitions continue our multi- year international growth strategy, complement our previous international acquisitions and are expected to allow us to achieve over $900mn in international segment revenues in 2014, with a target of over $1bn in 2015. The Stream acquisition provides MRC Global a platform for growth in offshore applications where our major customers have been very active. The acquisition of Flangefitt’s PFF business complements our existing UK-based MRC Transmark valve business as well as the Stream Energy Piping business. We now have the full range of pipe, valves and fittings (PVF) to serve both the NCS and the UK Continental Shelf (UKCS) sectors as well as global projects with high-end alloy PFF requirements.” MRC Global Inc – USA www.mrcglobal.com Pipe clamps Fusion equipment specialist McElroy Manufacturing, USA, has added three new distributors that will serve domestic and international customers. The new distributors are R&B Company, San Jose, California, USA; Miami International Machinery and Equipment Corp (Mimeco), Medley, Florida, USA; and SOFIPO, Moscow, Russia. SOFIPO is a spin-off of PALECO, a Russian company that provides a full range of pipe clamps and electrofusion products manufactured in the UK, and will now be a supplier of McElroy’s butt fusion equipment.

Continental Shelf (NCS), the world’s largest offshore sector. Stream operates through three divisions, which will now be operated under the names ‘MRC Energy Piping’, ‘MRC Solberg & Andersen’ and ‘MRC TeamTrade’. MRC Global has also acquired Flangefitt Stainless Ltd, UK, a pipe, flange and fitting (PFF) distributor to the oil and gas industry.

Headquartered in Norway, Stream is a pipe, valve and fittings distributor and provider of flow control products, solutions and services to the offshore oil and gas industry on the Norwegian

McElroy – USA www.mcelroy.com

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Tube Products International March 2014

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