MRC Global Inc. Completes Acquisition of Production Specialty Services
HOUSTON, Jan. 2, 2013
HOUSTON, Jan. 2, 2013 /PRNewswire/ -- MRC Global Inc. (NYSE:MRC) announced
today that the company's U.S. operating subsidiary, McJunkin Red Man
Corporation, has completed the previously announced acquisition of the
operating assets of Production Specialty Services, Inc.
Headquartered in Midland, Texas and established in 1990, Production Specialty
Services adds 18service locations, including one distribution center, in the
Permian Basin and Eagle Ford shale regions of Texas and New Mexico to MRC's
current location network.
"We are pleased to have completed this acquisition and welcome all of the
Production Specialty Services employees to MRC," Andrew R. Lane, MRC Chairman,
President and CEO said. "I look forward to combining our strengths to better
serve our customers in the Permian Basin and Eagle Ford shale."
More About MRC
Headquartered in Houston, Texas, MRC, a Fortune 500 company, is the largest
global distributor of pipe, valve, and fittings (PVF) and related products and
services to the energy industry, based on sales, and supplies these products
and services across each of the upstream, midstream and downstream sectors.
More information about MRC can be found at www.mrcglobal.com.
James E. Braun, Executive Vice President
and Chief Financial Officer
Ken Dennard, Managing Partner
Dennard Rupp Gray & Lascar, LLC
SOURCE MRC Global Inc.
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