MRC Global (MRC) Sells Canada Business

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Go back to MRC Global (MRC) Sells Canada Business

MRC Global Announces Sale of Canada Business

December 16, 2024 6:30 AM EST

HOUSTON, Dec. 16, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), announced today that its subsidiary, MRC Global (Canada) ULC, has entered into a definitive agreement to sell its Canada operations to Emco Corporation.

Rob Saltiel, MRC Global President & CEO stated, This divestiture will reposition our strategic focus and future capital investment decisions on our core geographies and product offerings that provide the strongest growth and profit potential. The sale of our Canada business is expected to be accretive to our total company adjusted gross margins and adjusted... More