CANADA NATIONAL ENERGY BOARD PLANS NEW RULES FOR PIPELINE PARTS According to a Reuters story, Canada’s National Energy Board announced in June it plans on setting new standards for pipeline parts after TransCanada Corp. and Enbridge discovered some parts they were using had been substandard. The Reuters story noted changes are unlikely to significantly affect pipeline operators, although parts manufacturers, the story said, may see some increased costs as they try to meet new requirements. The story noted the NEB in April warned about parts from Technoforge, a subsidiary of Italy’s Valvitalia SpA, and Korea’s TK Corp., but did not name the companies using them. An internal memo seen be Reuters named TransCanada as the company using Technoforge fittings and an NEB official identified Enbridge as the company using TK Corp. fittings. The NEB was to set out precise measures after a multi-party workshop in June. An NEB official told Reuters it would push for manufacturing processes where strength was determined at the design level through more calculations in coming up with attributes such as thickness and diameter. It also may push for further production processes, including heat treatment. HD SUPPLY TO SELL WATERWORKS DIVISION HD Supply said it entered into a definitive agreement to sell its Waterworks Business Unit to Clayton, Dubilier & Rice for a purchase price of $2.5 billion in cash. The transaction is expected to close in HD Supply’s third fiscal quarter of 2017. Joe DeAngelo, HD Supply chairman, president and CEO, said, “We determined that a sale of our Waterworks business unit to Clayton, Dubilier & Rice is in the best interests of our Waterworks associates and HD Supply stockholders.” In related news, HD Supply Holdings announced a first quarter net profit of $85 million compared to a loss of $14 million last year. Net sales for the quarter increased to $1.873 billion from $1.781 billion last year. METROPOLITAN PIPE & SUPPLY MOVES HEADQUARTERS LOCATION Metropolitan Pipe & Supply Co., recently announced plans to move its corporate office, counter and warehouse location from Cambridge, Mass., to Somerville, Mass., in the first quarter of 2018. The new operation will be less than a mile away from the current Cambridge location. With the move, Metropolitan Pipe will be outfitting its new warehouse with the latest technology in order to improve the customer experience. Metropolitan has spent 50 years in its current location. The new location at 30 Inner Belt Road in Somerville is 81,000 square feet and is easily accessible off Interstate 93, Route 1 and Route 28. The new location will have a redesigned office and warehouse and will give Metropolitan an opportunity to streamline the supply-chain process. “Customers remain the most important part of our business and with this move we’re given a unique opportunity to revamp the entire customer experience,” Metropolitan President Kevin Brown said. Construction is expected to begin in the third quarter of this year. COONEY BROTHERS RAISES$10,000 FOR AMERICAN CANCER SOCIETY Plymouth Meeting, Pa.-based Cooney Brothers raised more than $10,000 for the fight against cancer during the American Cancer Society’s recent Bike-A-Thon. The event started in Philadelphia at the foot of the Ben Franklin Bridge and stretched 66 miles to Atlantic City, N.J., where the ride finished on the boardwalk and beach. All 13 members of “Team Cooney” rode their committed distances, with the majority biking the full 66 miles. Cooney Brothers vastly exceeded its initial fundraising goal of $6,000. “All of us have been affected by cancer in our lives,” Cooney Brothers President Gerry Cooney said. “It’s hard to describe the fun and camaraderie associated with this annual event. Our members love to ride and that’s part of what motivates us to get involved, but there is most certainly something bigger going on here. Cooney Brothers is proud to be a part of the fight against cancer through its support of the American Cancer Society.” THE MACOMB GROUP WELCOMES INDIANA BRANCHES TO COMPANY Sterling Heights, Mich.-based The Macomb Group recently announced branches in Jeffersonville and Evansville, Ind., formerly operated by Lockwood International, joined the company. The transaction will provide access to attractive markets and many new customers in Indiana, Kentucky, Illinois, Ohio and Tennessee, the company stated. The 24-member team is led by General Manager Glenn Hollenkamp. “Establishing a greater presence along the attractive Ohio River corridor to complement our branches in Cincinnati and Carrollton has been one of our long-time objectives,” The Macomb Group CEO Bill McGivern said. “When the opportunity presented itself, we assembled a multidisciplinary team and moved quickly.” The Macomb Group now operates 18 branches in six states, which include Michigan, Ohio, Kentucky, Tennessee, North Carolina and Indiana, providing customers with access to more than $35 million of inventory.
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