July 13, 2007 - Modern Distribution Management

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July 13, 2007

Industrial Distributors McJunkin and Red Man Merge

Companies, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors /

Two major distributors of industrial and oilfield PVF supplies, McJunkin Corporation, with nearly $2 billion in annual revenues,&nbsp ; and Red Man Pipe and Supply Company, nearly $1 billion in annual sales, have announced a merger of equals” that will make the new company a leading industrial and oilfield PVF supplier inNorth America. Charleston, WV, andTulsa, OK , will serve as co-headquarters for the new company.

McJunkin Corporation CEO and President H.B. Wehrle III and Red Man Pipe and Supply Company President and CEO Craig Ketchum will serve as Co-CEOs for the new company.

“It is an exciting time for Red Man with great …

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A Busy Week in Acquisitions

Finance, Free, Mergers & Acquisitions, Subscriber Only /

This week has seen a good number of large and small acquisitions in the distribution and manufacturing world, along with an interesting move by cutting-tool supplier Kennametal, a change in the tech landscape, and a not-often-seen move by industrial/PVF distributors McJunkin and Red Man Tool and Supply.

McJunkin and Red Man have announced a merger of equals,” which means they will form one company with close to $3 billion in annual sales, but the CEOs will share leadership and the new company will have two headquarters (story).

According to Investopedia, a site I frequent, a merger of equals is …

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