Fortune 500 company MRC Global has announced that it has acquired NORTH West piping components manufacturer Flangefitt Stainless.
Flangefitt, headquartered in Warrington, England, with a location in Aberdeen, Scotland, is a leading pipe, flange and fitting (PFF) distributor to the oil and gas industry. Flangefitt’s 2013 revenues are estimated to be approximately $28 million and it will now be operated as “MRC Flangefitt”.
Andrew Lane, MRC Global Chairman, President and Chief Executive Officer, said the acquisition of Flangefitt’s PFF business complemented his company’s existing U.K. based, MRC Transmark valve business as well as the Stream Energy Piping business. “We now have the full range of pipe, valves and fittings (PVF) to serve both the NCS and the U.K. Continental Shelf (UKCS) sectors as well as global projects with high-end alloy PFF requirements,” he said.
Flangefitt general managers, Jim Nulty and Phil Oakes, will join MRC’s UK management group as well as 36 skilled Flangefitt employees who will continue working under the new MRC Flangefitt banner.