Russian pipemaker TMK has announced that its subsidiary US-based service company OFS International LLC has acquired a 100 percent stake in the pipe services and precision manufacturing assets of Scotland-based ITS Tubular Services (Holdings) Limited located in Houston, Texas, US.
The acquired facility has the capacity to produce more than 700,000 joints of threaded pipe and around 250,000 couplings.
According to TMK, this acquisition marks another step in the company's expansion in the US and reinforces its focus on developing service and producing high value-added tools for the oil and gas industry.
Source:
http://www.steelorbis.com/steel-news/latest-news/tmk-acquires-pipe-services-assets-in-houston-751195.htm
