MRC + SPF = an irresistible force:

Posted by David Sear

 

The big news towards the end of May has to be the announcement that McJunkin Red Man Corporation (MRC) has signed an agreement to acquire Stainless Pipe and Fittings Australia Pty Ltd (SPF).

According to the official press release, the acquisition is part of MRC’s strategic vision to be the world’s premier pipe, valve and fitting distribution company to the energy and industrial markets.

Moreover, the deal should, it is further noted, enhance MRC’s global project capabilities.

Without doubt, these claims are backed up by the simple facts and figures.

Acquiring SPF would increase MRC’s global pipe, fittings and flanges (PFF) stockholding in stainless steel to a value in excess of USD 50 million, with global stainless PFF sales of more than USD 300 million.

The USD 4 billion MRC group currently has over 400 global service locations and USD 850 million of PVF stock located around the globe.

Indeed, these are figures that are hard to ignore.

But just as important, both organizations are run by very committed and determined businessmen.

Our editors can testify to that, as they recently spoke at length with senior figures within both MRC and SPF.

The results of those discussions can be found in two cover stories that graced the front pages of both Stainless Steel World and Valve World.

And, as can be seen from those articles, managers at both MRC and SPF are highly committed and very hungry to grow their businesses.

So without doubt, the name MRC SPF is one to watch!

 

 

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