Latest In MRC Global (McJunkin-Red Man)
Oil & gas slump decimates Houston distributors' 4Q revenues.
CEO: $48 million divestiture helps MRC "reduce exposure to upstream drilling volatility."
McJunkin Red Man Corp. opens facility in Monessen, PA, to serve MRC's Eastern region.
Profit for the distributor of pipes, valves and fittings plummeted 61.9 percent.
U.S. sales increased 18.7 percent, primarily on organic sales growth.
Profit for the distributor of pipes, valves and fittings fell 10 percent.
Acquisition will expand MRC Global's footprint in Southeast Asia.
Acquisition strengthens MRC's instrument flow control business.
MSC's acquisition of Barnes' North American distribution operations was among the top deals in 2013.
International segment revenues are expected to increase 60 percent in 2014.
Goldman Sachs has been a private equity sponsor of MRC Global since 2007.
