Rick Lundgren named Chief Executive Officer Shale-Inland Holdings

HOUSTON, Dec. 3, 2012 /PRNewswire/ -- Shale-Inland Holdings today announced the appointment of Richard Lundgren to the position of Chief Executive Officer. Rick brings extensive operational and distribution background in the upstream and downstream energy markets.  He has a successful 30 year track record in the energy, chemicals and related fields, with executive roles at Monsanto, The Huntsman Corporation, Flowserve Corporation, and most recently as the President of Tyco Thermal Controls, a subsidiary of Tyco International. With the addition of Lundgren to the executive management team, founder Craig T. Bouchard becomes Chairman of the Board.

"This is a very proud day for Shale-Inland," said Bouchard. "Rick has the skill and experience to lead us into the next phase of our growth with intense focus on customer service. We continue to assemble an exceptionally talented executive management team, with the skills and experience to navigate the powerful trends in the U.S energy and chemicals sectors, and further complement our already strong presence in the food processing, transportation and industrial markets."

"Larry Feld at our Sunbelt Supply division, Jeff Legrand at Southwest Stainless and I are excited to have someone with Rick's experience join us," said Shale-Inland PVF President Mike Stanwood.  "Rick's addition will bolster our management depth and we look forward to working together with him to provide additional resources to grow our business in support of our customer's needs."

"Shale-Inland is one of the great specialty distributors in the United States," Lundgren stated. "With a strong balance sheet, 47 branches, 7,500 global customers and revenues approaching $1 billion, Shale-Inland is positioned to be a leader across the petrochemical, refining, power, food, water, and transportation sectors. This is an amazing opportunity and I look forward to working with the exceptional team of people at Shale-Inland."

About Shale-Inland
Shale-Inland is a leading specialty industrial distributor of pipe, valves, fittings and related products and provider of technical solutions to the energy and industrial sectors. We operate 47 strategically located branches throughout North America in close proximity to our customers and act as a critical link in our customers' supply chain. We market and sell our products through 12 distinct and targeted brands. For more information, visit www.shale-inland.com.

SOURCE Shale-Inland Holdings