MRC Global Inc.
) completes the previously announced acquisition of the operating
assets of Flow Control Products, from the privately held company,
Dan H. Brown Inc. The financial terms of the acquisition were not
MRC's plan to acquire Flow Control Products was announced in
June this year, with the intention to expand its business in one
of the major oil-producing regions in the United States. Flow
Control has been providing its services to the energy companies
in the Permian Basin since its inception in 1981. The business
division provides electric and electro-hydraulic valve automation
packages and related field support services to various pipelines,
production facilities and plant operations.
Subsequent to the acquisition, all the 25 employees of Flow
Control have been retained and will work as a part of the team
under MRC. The acquired business will work as an MRC Valve
Automation Center. For the purpose, MRC is in the process of
expanding its Odessa based facility into an 110,000 square foot
Regional Distribution Centre, which is expected to fructify in
With the expansion of the facility, MRC will reach a count of
25 global automation centers, used to provide services to the
upstream production and midstream pipeline markets.
MRC is expected to release its second quarter 2013 results on
Aug 1, 2013. However, with a Zacks Rank #4 (Sell) and an Earnings
Zacks Earnings ESP: A Better Method
) of -7.32%, we are not confident about an earnings beat this
Other stocks in the industry that are performing well and are
worth a watch include
Mueller Water Products, Inc.
Lincoln Electric Holdings Inc.
), both carrying a Zacks Rank #1 (Strong Buy); also,
Century Aluminum Co.
), carries a Zacks Rank #2 (Buy).
CENTURY ALUM CO (CENX): Free Stock Analysis
LINCOLN ELECTRC (LECO): Free Stock Analysis
MRC GLOBAL INC (MRC): Free Stock Analysis
MUELLER WATER (MWA): Free Stock Analysis
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