MRC Global (MRC) to Acquire Flow Control Products
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MRC Global (NYSE: MRC) signed an agreement to acquire the operating assets of Dan H. Brown, Inc., D/B/A Flow Control Products (Flow Control).
Founded in Odessa, Texas in 1981, Flow Control is a leading provider of pneumatic, electric and electro-hydraulic valve automation packages and related field support to the Permian Basin energy industry, including production facilities, pipelines, and plant operations. Flow Control employs 25 people and will operate as an MRC Valve Automation Center. Flow Control reported 2012 revenues of $28 million.
Concurrent with this transaction, MRC is expanding its existing facility in Odessa into a 110,000 square foot Regional Distribution Center. When completed in 2014, the Flow Control business will operate from this newly expanded facility. The combined acquisition and expansion further extends MRC's commitment to service the valve and valve automation markets. The new facility will be MRC's 25th global automation center and be fully capable to service the upstream production and midstream pipeline markets.
Founded in Odessa, Texas in 1981, Flow Control is a leading provider of pneumatic, electric and electro-hydraulic valve automation packages and related field support to the Permian Basin energy industry, including production facilities, pipelines, and plant operations. Flow Control employs 25 people and will operate as an MRC Valve Automation Center. Flow Control reported 2012 revenues of $28 million.
Concurrent with this transaction, MRC is expanding its existing facility in Odessa into a 110,000 square foot Regional Distribution Center. When completed in 2014, the Flow Control business will operate from this newly expanded facility. The combined acquisition and expansion further extends MRC's commitment to service the valve and valve automation markets. The new facility will be MRC's 25th global automation center and be fully capable to service the upstream production and midstream pipeline markets.
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