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MRC Global Inc announces two international acquisitions

Monday, 9 Dec 2013 04:01pm EST 

MRC Global Inc:Says it has entered into an agreement to acquire privately held Stream AS for about $260 million including the assumption of debt.Says the acquisition is expected to close in Jan. 2014, subject to normal and customary closing conditions.Says MRC Global expects to fund the acquisition of Stream through the use of MRC's existing credit facilities.Says it has acquired Flangefitt Stainless Ltd.Says Flangefitt, headquartered in Warrington, England, with a location in Aberdeen, Scotland is a pipe, flange and fitting (PFF) distributor to the oil and gas industry. 

Company Quote

-0.04 -0.18%
10:48am EST