MRC Global Inc. Completes Acquisition of Production Specialty
Services
HOUSTON, Jan. 2, 2013 /PRNewswire/ -- MRC Global Inc.
(NYSE:MRC) announced today that the company's U.S. operating
subsidiary, McJunkin Red Man Corporation, has completed the
previously announced acquisition of the operating assets of
Production Specialty Services, Inc.
Headquartered in Midland, Texas
and established in 1990, Production Specialty Services adds
18 service locations, including one distribution center, in
the Permian Basin and Eagle Ford shale regions of Texas and New
Mexico to MRC's current location network.
"We are pleased to have completed this acquisition and welcome
all of the Production Specialty Services employees to MRC,"
Andrew R. Lane, MRC Chairman,
President and CEO said. "I look forward to combining our strengths
to better serve our customers in the Permian Basin and Eagle Ford
shale."
More About MRC
Headquartered in Houston,
Texas, MRC, a Fortune 500 company, is the largest global
distributor of pipe, valve, and fittings (PVF) and related products
and services to the energy industry, based on sales, and supplies
these products and services across each of the upstream, midstream
and downstream sectors. More information about MRC can be
found at www.mrcglobal.com.
Contacts:
James E. Braun, Executive Vice
President
and Chief Financial Officer
Jim.Braun@mrcpvf.com
832-308-2845
Ken Dennard, Managing Partner
Dennard Rupp Gray & Lascar,
LLC
ksdennard@drg-l.com
713-529-6600
SOURCE MRC Global Inc.