Two major distributors of industrial and oilfield PVF supplies, Red Man Pipe & Supply Co. and McJunkin Corp. announced a merger that will make the new company one of the leading industrial and oilfield PVF suppliers in North America.

Tulsa, Okla., and Charleston, W.V., will serve as co-headquarters for the new company.  Red Man Pipe & Supply Co. President & CEO Craig Ketchum and McJunkin Corp. CEO and President H.B. Wehrle, III will serve as co-chief executive officers for the new company.

The merger, which is expected to close within 60 days, is subject to customary closing conditions, including regulatory approvals. Additional terms of the transaction were not disclosed.