MRC Global Inc. Completes Acquisition Of Flow Control Products
HOUSTON, July 1, 2013
HOUSTON, July 1, 2013 /PRNewswire/ -- MRC Global Inc. (NYSE:MRC) announced
today that it has completed the previously announced acquisition of the
operating assets of Dan H. Brown, Inc., D/B/A Flow Control Products (Flow
Founded in Odessa, Texas in 1981, Flow Control is a leading provider of
pneumatic, electric and electro-hydraulic valve automation packages and
related field support to the Permian Basin energy industry, including
production facilities, pipelines, and plant operations. Flow Control employs
25 people and will operate as an MRC Valve Automation Center. Flow Control
reported 2012 revenues of $28 million.
"We are pleased to have completed this acquisition as part of our continued
commitment to our customers in the North American Shale plays," Andrew R.
Lane, MRC Chairman, President and CEO, said. "I would like to welcome Flow
Control's experienced and technically knowledgeable valve professionals to our
team in the Permian Basin."
About MRC Global Inc.
Headquartered in Houston, Texas, MRC, a Fortune 500 company, is the largest
global distributor of pipe, valves, 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 atwww.mrcglobal.com.
James E. Braun, Executive Vice President
and Chief Financial Officer
Ken Dennard, Managing Partner
Dennard - Lascar Associates, LLC
SOURCE MRC Global Inc.
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