DNOW to buy Whitco Supply

: Metals, Pipe and tube
24/02/06

Texas-based tubular distributor DNOW has agreed to buy midstream supplier Whitco Supply.

DNOW agreed to purchase Louisiana-based Whitco in an all-cash transaction, the terms of which were not disclosed, DNOW said on Tuesday.

Whitco has eight locations and sells B7 studs, flanges, forged steel, gaskets, pipe, structural steel and weld fittings.

DNOW chief executive David Cherechinsky said the acquisition is part of the company's move to diversify its end-markets.

No timeline was given for the conclusion of the deal. For now, the companies will remain independent and operate separately, DNOW said.

By Rye Druzin

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25/01/17

US industrial production ends 2024 on strong note

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Export opportunities crucial for Turkish mills in 2025

25/01/17

Export opportunities crucial for Turkish mills in 2025

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Port of Liverpool to hike steel handling, storage fees

25/01/17

Port of Liverpool to hike steel handling, storage fees

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W Australian iron ore exports slip on year in December

25/01/17

W Australian iron ore exports slip on year in December

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Brazil steel imports hit record high in 2024

25/01/16

Brazil steel imports hit record high in 2024

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