Mike Miazga 2016-10-07 00:28:01
INDUSTRY VETERAN MULLALLY ANNOUNCES HIS RETIREMENT An industrial PVF mainstay is readying for the next chapter of his life. Silbo Industries Vice President of Product Development and Sales James Mullally announced at the summer PVF Roundtable meeting in Houston that he is retiring Nov. 1 after 51 years in the industry. Mullally started his career at Gulf Supply in Beaumont, Texas, in 1965 and has spent the last 27 years with Silbo in New Jersey or Texas. Silbo is the largest importer in the U. S. of fittings, flanges and forgings for carbon-steel and stainless-steel pipe and tubing. Silbo sells only to distributors. “I love the people you do business with every day,” he said. “You watch them grow up and you watch their kids grow up. This is a fun business and it’s been a fun ride.” Mullally, who was featured on the November 1981 cover of Supply House Times, has seen plenty of evolution in the business over the last five decades. “There have been tremendous changes in our industry,” he said. “The Internet has been the biggest boon. It’s opened up the supply chain. It surely is the fastest way to the customer and the end user that we’ve had available so far to the industry.” Mullally counted at least four depressed periods he has been involved with in the PVF sector, including this current downturn. “This one very well could be the worst one,” he said. “In previous downturns you still had inquiries and you had to decide how low you were going to go in order to just move inventory. Today, you don’t even have inquiries to make that decision. I don’t see it turning around anytime soon. Politics and regulations have been tough on this industry. There’s almost no possibility of turning things around until something changes in that regard. It’s an uphill battle right now.” Mullally added the current downturn could have consequences when the market recovers. “You are going to have to start over with newer people because the successful people have moved to other areas or moved on from the industry,” he said. Looking back, Mullally is thankful for the long industry run he has enjoyed. “It’s been my life. It’s the only thing I’ve ever known,” he said. “When I first started in the warehouse at Gulf Supply I thought I wouldn’t last more than a couple months and here I am 51 years later. I’m going to miss it.” —Mike Miazga MORSCO TO ACQUIRE WATERWORKS COMPANY Fort Worth, Texas-based MORSCO has signed a definitive agreement to acquire Fortiline Waterworks, a portfolio company of CHS Capital and one of the largest waterworks distributors in the United States, as its waterworks distribution platform. MORSCO is a portfolio company of global private-equity firm Advent International. Advent will make a significant new equity investment to support the acquisition. Mike Swedick will remain president and CEO of Fortiline, which will continue to operate as a standalone company responsible for the waterworks supplies distribution inside MORSCO. The transaction is expected to occur by Oct. 31. MATCO-NORCA OPENS NEW DISTRIBUTION CENTER Matco-Norca recently opened a new distribution center in the Chicago suburb of Glendale Heights, Ill. The new facility will provide a local distribution point for Matco-Norca products to better satisfy regional customers, the company noted. The Glendale Heights location will stock Matco- Norca’s complete line of PVF, plumbing, faucets and specialty products for waterworks and irrigation applications. New team member Bob Smith will manage the location. With the addition of the Glendale Heights DC, Matco-Norca now operates eight regional warehouses in addition to four national Dcs located in Brewster, N.Y., Houston, Glendale Heights, Ill., and La Palma, Calif. STAR PIPE PRODUCTS ANNOUNCES ACQUISITION Star Pipe Products and the state of Oklahoma recently announced Star Pipe Products has acquired the assets of Coffeyville, Kan.-based Jensen International and its subsidiary Jencast out of South Coffeyville, Okla. Jensen International is a diversified manufacturer providing casting, machining, metal fabrication, assembly and production of customized cast-iron and ductile-iron products. Star Pipe Products noted the acquisition will allow it to continue the operation of manufacturing domestically made cast-iron and ductile-iron products in South Coffeyville. It intends to expand the existing facility in Oklahoma and install new and updated equipment to expand its existing production and produce for its own requirements as well. “We are proud to own and operate our first foundry in the United States and look forward to expanding our workforce in northeastern Oklahoma,” Star Pipe Products President Dan McCutcheon said. “This project represents a substantial component of our long-term growth plan.”
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