April 2, 2014

Northwest Pipe Sells OCTG Business to Centric Pipe
 
Centric Pipe LLC, an affiliate of Dallas-based SB International Inc., has acquired the oil country tubular goods assets of Vancouver, Wash.-based Northwest Pipe Co. The purchase price was $42.7 million.

"After reviewing a full range of alternatives for our OCTG business, we determined that a sale to Centric Pipe provided the best outcome for the company, our shareholders and our employees," says Scott Montross, Northwest Pipe president and CEO. "This divestiture will enable us to increase our focus on growing our core water transmission business, while placing these assets in the hands of an experienced OCTG company with global relationships."

SB International is a steel distribution company supplying OCTG and line pipe to the oil and gas industry in both the United States and Canada. SB is also an importer and exporter of specialized steel products.

"This is an exciting beginning for Centric Pipe. Already at the beginning phase of operations, Centric Pipe is capable of manufacturing quality products to meet some very challenging downhole applications in the oil and gas drilling industry," says Centric Pipe Senior Vice President Arish Gupta. "We look forward to providing new capital as well as marketing and sales avenues to make Centric Pipe a leading supplier of high-quality OCTG."

Northwest officials say the announcement will not affect the company's continued investment in the Atchison, Kan., line pipe facility, which is on schedule to complete a major expansion project.

November 2016: China's No Free Market, Aluminum Execs Testify
More...
 
Pause
November 2016: Lehner: U.S. Must Set Goals to Spur Growth
More...
Fall 2016: Cutting & Sawing Equipment
More...
Summer 2016
More...
 
Pause
DoALL Launches Four New Saw Lines
More...
Behringer Expands Band Saw Line
More...
HYDMECH Saw Cuts Banded Material
More...
KASTO Pairs Band Saw with Moveable Table
More...
Marvel 600A-PC3 Designed for Bundle Cutting
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Wednesday, December 7, 2016