MRC Global Inc. (NYSE:MRC) has completed its acquisition of the operating assets of Dan H. Brown, Inc., doing business as Flow Control Products.
Founded in 1981, Flow Control is a leading provider of pneumatic, electric and electro-hydraulic valve automation packages and related field support to the Permian Basin energy industry, including production facilities, pipelines, and plant operations. Flow Control employs 25 people and will operate as an MRC Valve Automation Center. Flow Control reported 2012 revenues of $28 million.
"We are pleased to have completed this acquisition as part of our continued commitment to our customers in the North American shale plays," said Andrew R. Lane, MRC chairman, president and CEO.
Headquartered in Houston, Texas, MRC, a Fortune 500 company, is a global distributor of pipe, valves and fittings (PVF), and related products and services to the energy industry. The company supplies these products and services across each of the upstream, midstream and downstream sectors.