HOUSTON, May 29, 2014 /PRNewswire/ -- MRC Global Inc.
(NYSE: MRC) announced today that MRC Global's Singapore subsidiary, MRC Transmark Pte. Ltd.,
has acquired MSD Engineering (Pte) Limited. Located in
Singapore, MSD Engineering is a
major distributor and regional service provider of valve and valve
automation solutions to customers in Singapore, Brunei, China, Malaysia, Indonesia, Thailand, Vietnam and Taiwan. MSD Engineering had 2013 sales of
$26 million, and will now operate as
MRC MSD Engineering.
"This acquisition complements our current MRC Transmark valve
business in Southeast Asia and is
consistent with our announced strategy to grow our valve and
valve automation business and to expand geographically into
Southeast Asia and in the other
key energy regions around the world," MRC Global Chairman,
President and CEO, Andrew Lane said.
"The addition of MRC MSD Engineering broadens our geographic
footprint and existing valve brands and product line offerings in
Southeast Asia."
MRC MSD Engineering serves the oil and gas, petrochemical and
other industrial segments. Product lines include gate, ball, globe,
swing check, wafer check valves, pneumatic operated ball,
butterfly, gate and globe valves, electro-hydraulic operated
control and choke valves, electric or motor operated gate, globe,
butterfly and ball valves and pneumatic and hydraulic solenoid
valves.
"We are pleased to welcome SH Tan and his team of 32 dedicated
employees to MRC Global," Mr. Lane said. "By combining the
strengths of MRC Transmark and MRC MSD Engineering, MRC Global will
be the premier supplier of high quality valve and valve automation
solutions to our customers in this key growth end market.
Combining MSD's engineers and technical selling resources with that
of MRC Transmark, creates one of the most technically competent
valve and actuation solution providers in the region."
"We are very pleased to be joining MRC Global," SH Tan, MSD
Engineering Managing Director, said. "MRC Global gives our company
the opportunity to become part of the worldwide leader in PVF
distribution and continue to provide superior service to our
customers. Our strong technical capabilities in valve
solutions and our excellent valve brands are a perfect fit with MRC
Global."
About MRC Global
Headquartered in Houston,
Texas, MRC Global, a Fortune 500 company, is the largest
global distributor of pipe, valves, and fittings 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 Global
can be found at www.mrcglobal.com.
Contacts:
Monica
Schafer
Vice President Investor
Relations
MRC Global
Inc.
Monica.Schafer@mrcglobal.com
832-308-2847
SOURCE MRC Global Inc.