Clearlake Capital-backed FloWorks to sell its MultAlloy division to Texas Pipe & Supply.

Clearlake Capital-backed FloWorks, a specialty industrial distributor of pipe, valves, and fittings, agreed to sell its MultAlloy division to Texas Pipe & Supply, a pipe supplier in Houston, Texas. Financial terms were not disclosed. "We are pleased to have found a great home for MultAlloy and J&J with Texas Pipe. This divestiture allows FloWorks to dedicate additional resources to Sunbelt Supply, which has experienced impressive growth as we have executed on our expansion strategy. Our team of flow solutions experts is focused on directly delivering specialty PFF, valves, and automation solutions through our well positioned global footprint of stocking locations. We are excited to answer the growing demand from our key customers, including supporting newly awarded MRO contracts, and we look forward to further investing in our customers and the Sunbelt Supply platform to satisfy their ongoing needs," Scott Jackson, FloWorks President and CEO.