Rick Lundgren named Chief Executive Officer Shale-Inland Holdings

      Rick Lundgren named Chief Executive Officer Shale-Inland Holdings

Bouchard appointed Chairman of the Board

PR Newswire

HOUSTON, Dec. 3, 2012

HOUSTON, Dec. 3, 2012 /PRNewswire/ -- Shale-Inland Holdings today announced
the appointment of Richard Lundgren to the position of Chief Executive
Officer. Rick brings extensive operational and distribution background in the
upstream and downstream energy markets. He has a successful 30 year track
record in the energy, chemicals and related fields, with executive roles at
Monsanto, The Huntsman Corporation, Flowserve Corporation, and most recently
as the President of Tyco Thermal Controls, a subsidiary of Tyco International.
With the addition of Lundgren to the executive management team, founder Craig
T. Bouchard becomes Chairman of the Board.

"This is a very proud day for Shale-Inland," said Bouchard. "Rick has the
skill and experience to lead us into the next phase of our growth with intense
focus on customer service. We continue to assemble an exceptionally talented
executive management team, with the skills and experience to navigate the
powerful trends in the U.S energy and chemicals sectors, and further
complement our already strong presence in the food processing, transportation
and industrial markets."

"Larry Feld at our Sunbelt Supply division, Jeff Legrand at Southwest
Stainless and I are excited to have someone with Rick's experience join
us,"said Shale-Inland PVF President Mike Stanwood."Rick's addition will
bolster our management depth and we look forward to working together with him
to provide additional resources to grow our business in support of our
customer's needs."

"Shale-Inland is one of the great specialty distributors in the United
States," Lundgren stated. "With a strong balance sheet, 47 branches, 7,500
global customers and revenues approaching $1 billion, Shale-Inland is
positioned to be a leader across the petrochemical, refining, power, food,
water, and transportation sectors. This is an amazing opportunity and I look
forward to working with the exceptional team of people at Shale-Inland."

About Shale-Inland
Shale-Inland is a leading specialty industrial distributor of pipe, valves,
fittings and related products and provider of technical solutions to the
energy and industrial sectors. We operate 47 strategically located branches
throughout North America in close proximity to our customers and act as a
critical link in our customers' supply chain. We market and sell our products
through 12 distinct and targeted brands. For more information, visit

SOURCE Shale-Inland Holdings

Website: http://www.shale-inland.com
Contact: Jody Pitts, Vice President, Shale-Inland, +1-732-345-7310; or Randi
Rosenbloom, Vice President, Ogilvy Public Relations, +1-212-880-5302
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