6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Bernie Wehrle, President of McJunkin Corporation, said of the acquisition, "By joining with CIGMA, a recognized leader in gas products and integrated supply services, we strengthen an important growth initiative for us."
Herb Van Keuren, President of CIGMA said, "CIGMA is excited about the opportunity to be part of the McJunkin team, it is a great strategic fit. Our sharp focus on the product and service needs of the natural gas distribution business will nicely complement and enhance the offerings of McJunkin."
McJunkin and CIGMA distribute products such as polyethylene pipe and fittings, valves, meter sets, and line markers to gas utilities serving residential, commercial and industrial customers. Additionally, McJunkin and CIGMA serve as the outsourced materials manager for several utilities around the country.
"CIGMA brings a real depth of technical expertise and years of practical experience in the gas products industry," said David Campbell, Vice President of McJunkin's Gas Products Division, "This acquisition greatly expands the breadth of products and services we can bring to the market."
The transaction is expected to be complete in the second quarter of 2003.
About MCJUNKIN Founded in 1921 and based in Charleston, West Virginia, McJunkin is the nation's leading provider of industrial pipe, valve, fittings and flanges. Additionally, McJunkin is the largest provider of integrated services to the industrial process industries. A privately held, family run business, McJunkin has over 125 branches serving the entire United States. In addition to their U.S. locations, the company has operations in Venezuela and Nigeria. More information is available by visiting the company's web site at http://www.mcjunkin.com or contact Scott Vuchetich at 304.348.1862 or email@example.com.
About CIGMA LLC Created in 1997, CIGMA, LLC is a joint venture of Vectren Utility Services, Inc, and Citizens By-Products. CIGMA is a regional distributor and integrated supplier to the utility, pipeline construction and related industries. To learn more about CIGMA, visit www.cigma.com or contact Herb Van Keuren.