MRC Global Acquires Valve Distributor in Singapore
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.
Vice President Investor Relations
MRC Global Inc.
SOURCE MRC Global Inc.