Two of the industry’s largest industrial
and oilfield PVF suppliers, Red Man Pipe & Supply Co. and McJunkin Corp.,
announced a self-described “merger of equals” that will make the new company by
far the largest PVF distributor in North America, with estimated annual revenues
exceeding $3 billion.
Red Man’s corporate headquarters in Tulsa,
Okla., and McJunkin’s in Charleston, W.Va., will serve as co-headquarters for
the new company. Red Man Pipe & Supply Co. President and CEO Craig
Ketchum and McJunkin Corp. CEO and President H.
B. “Bernie” Wehrle III will serve as co-chief
executive officers for the new company. As we went to press, titles and
responsibilities were still being ironed out for other key executives.