One-Page Deal Sheet
TMK Acquires 100% Stake in Pipe Services Co.
Oao Tmk Its Tubular Services (Holdings) Ltd.
Announced Date
April 09,2013
Transaction Type
Corporate
Location
Country
Russian Federation
Country
United States
State
Texas
Transaction Details: Subscribe to see
The U.S.-based service company OFS International LLC, controlled by TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has acquired a 100% stake in the pipe services and precision manufacturing assets of ITS Tubular Services (Holdings) Limited (Aberdeen, Scotland) and a group of affiliated shareholders.
The facility is located on an 84-acre site north-east of Houston and has the capacity to produce more than 700 thousand joints of threaded pipe and around 250 thousand couplings. In addition, the facility provides pipe inspection services and…
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