Mike Miazga 2016-04-06 00:21:56
F. W. WEBB ENTERS WATERWORKS INDUSTRY F. W. Webb recently announced it has formed the F.W. Webb Water Works Division after acquiring Water Works Supply Corp. of Maiden, Mass., and Londonderry, N.H. With the purchase of WWSC, F.W. Webb, which is celebrating its 150th anniversary this year, is honing and expanding its wide-ranging product line to address below-ground installation, construction, maintenance and repair of water mains, sewer lines, water-processing facilities, waste-treatment plants and pumping stations. Waterworks PVF, supplies and fabrication services now are available throughout the Northeast from F.W. Webb, with ample inventory - including pipe ranging from 1/2" to 48" in diameter - along with delivery and 24/7 emergency service, the company moted. "Offering waterworks products and services is an exciting development for F.W. Webb," said Jeff Pope, president of F.W. Webb. "Most importantly, it brings a new level of expertise, quality products and industry-leading service to customers throughout the Northeast for essential upgrades and repair of municipal infrastructure." F. W. Webb is operating the waterworks business in Malden and Londonderry with Christopher DiPirro, a 33-year veteran of F.W. Webb, as general manager. A majority of the original employees of WWSC have been hired by F.W. Webb, including the company's most recent owner, Damon Moore, who is supporting the new Webb business in a major advisory role. Moore, an engineer with in-depth waterworks expertise, grew up in the industry and joined the family business in 1972 upon his graduation from Tufts University. Moore's father started WWSC in 1953, initiating a new dimension of innovation for waterworks customers with a complete fabrication shop that provided unprecedented quality and fast turnaround, F.W. Webb stated. "F.W. Webb is maintaining the renowned fabrication shop with experienced machinists from Water Works Supply and bringing this unique and valuable service to new customers across the region," DiPirro said. "The genius of our fabrication shop is the ability to accurately retrofit old oversized flange pipe with new pipe and fittings. It also is the only UL-classified shop for flanged ductile iron pipe in the area." MRC GLOBAL SELLS O C TG BUSINESS MRC Global recently announced it has entered into a definitive agreement to sell its U.S. OCTG business to Sooner Pipe, a subsidiary of Marubeni-Itochu Tubulars America, for $48 million, subject to certain adjustments. MRC Global's U.S. OCTG sales were about $305 million in 2015. The transaction was expected to close in the first quarter of 2016, subject to customary closing conditions. "The divestiture of our OCTG product line is the culmination of our strategy to reduce our exposure to upstream drilling volatility and to focus on growing our higher-margin product lines, particularly our valve, valve automation and instrumentation business," MRC Global Chairman, President and CEO Andrew Lane said. "We remain committed to our line pipe business as it has applications across each of the upstream, midstream and downstream end markets. This transaction benefits our U.S. OCTG customers, suppliers and employees by placing the business with the leading OCTG distributor and service provider. We will work with Sooner to ensure a smooth transition of business." Also, MRC Global Australia PTY, a subsidiary of MRC Global, recently announced it has signed a five-year agreement with Shell Australia to provide MRO requirements for its Prelude floating liquefied natural gas project. MRC Global will consolidate more than 197 suppliers into one supply contract covering the procurement and inventory of all pipes, valves, fittings, control valves, gaskets, hoses, studs, nuts, gaskets and spare parts. This includes the provision of full technical support, quality assurance, expediting and distribution solutions. In other recent MRC Global news, the company's Board of Directors named Rhys J. Best nonexecutive chairman effective as of its upcoming annual shareholders meeting on April 28. Lane will continue to serve as president and CEO and as a director, roles he's held since 2008. The board also extended Lane's employment agreement until May 2020.
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