October 2010 Vol. 237 No. 10
Business Meetings & Events
McJunkin Acquiring Dresser Oil Tools & Supply Assets
McJunkin Red Man Corp. will acquire operations and assets from Dresser Oil Tools & Supply as part of its strategic focus to increase its presence and commitment to customers in the active shale basins across North America. The operations and assets to be purchased relate to the business of the sale and distribution of pipe, valves and fittings (PVF), oilfield production and drilling supplies and related products.
These assets generated net sales of $12 million in 2009. Dresser Oil Tools & Supply operates five branch locations in the region of Sidney, MT; Tioga, ND; Williston, ND; Stanley, ND and Mohall, ND, supplying PVF, oilfield and related products to the region since 1993. MRC is acquiring these five new branches to enhance its coverage in the Bakken Shale from its existing branch locations in Williston, ND and Belfield, ND.
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