PVF products distributor McJunkin Red Man Holding Corp., No. 5 on MDM’s list of the top 40 industrial distributors, has agreed to acquire OneSteel Piping Systems for $67.7 million, continuing its expansion internationally.
Deliver Distribution News to Your Inbox
Sign up below to receive
MDM Update, your free weekly distribution news update by email.
Effective as of closing, OPS will operate as MRC Piping Systems Australia. This Sydney-based acquisition follows the acquisition of Melbourne-based MRC Transmark Australia in October 2009, and Perth-based MRC SPF in June 2011.
Formed in 2001 as a merger between Tubemakers Piping Systems and Pipeline Supplies Australia, OPS operates as a division of OneSteel Limited’s Australian distribution business.
OPS is a PVF product and service specialist supplying the oil and gas, mining and mineral processing industries. OPS has a nationwide distribution network with 12 sites in Queensland, New South Wales, Victoria, South Australia, Western Australia and Northern Territory.
MRC, with $4.6 billion in revenue over the prior four quarters, has more than 400 global service locations.
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up to receive MDM Update, your free daily distribution news update by email.