February 2023, Vol. 250, No. 2


Companies in the News February 2023

Corrosion Resistant Alloys Completes Acquisition of PipeSearch 

Corrosion Resistant Alloys (CRA) announced that it has completed its acquisition of PipeSearch, a digital technology company powering global tubular solutions. 

CRA’s acquisition of PipeSearch will help drive digital transformation in oil country tubular goods by providing inventory solutions supported by data collection and analytics. The two companies, which have partnered together since 2018, will combine their capabilities while continuing to operate as affiliates to provide digital services for the tubular industry. 

Based in Austin, Texas, PipeSearch features the PipeSearch digital trading platform, a suite of services focused on connecting OCTG demand to supply needs across the globe. PipeSearch is also dedicated to developing workflows and efficiencies to further improve the customer purchase process. 

McElroy Expands with Forth Campus 

Thermoplastic fusion equipment designer and manufacturer McElroy announced the addition of a fourth campus in Broken Arrow, Oklahoma.  

“Our existing campuses are operating at near or full capacity, and over the last 18 months our company leadership has worked toward acquiring a new facility to address our market growth while maintaining our commitment to this great community where we live,” said Tulsa-based McElroy’s president and CEO, Chip McElroy. 

In 2005, McElroy made a long-term strategic decision that all their manufacturing facilities would remain in northeast Oklahoma. Currently, McElroy operates with approximately 300,000 square feet of plant and office facilities covering 47 acres across three McElroy campuses, all in the Tulsa area. In the last decade, numerous product evolutions, along with product expansions, mean additional facilities are needed to support manufacturing and final assembly operations.  

The new Broken Arrow facility will provide an additional 193,000 square feet of space for McElroy operations, including a planned showcase assembly operation responsible for roughly 40% of McElroy’s annual business. The extensive office space available at the new Broken Arrow Campus will allow McElroy to relocate all customer-facing departments while providing for future growth needs.  Other McElroy facilities will be repurposed to support other product families, the company said. 

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