DNOW to merge with MRC Global in a $1.5bn deal.

DNOW, a Houston-based supplier of energy and industrial products, agreed to merge with MRC Global, a distributor of pipe, valves, fittings, and automation solutions, in a $1.5bn deal. “Bringing our two companies together advances our shared goal of becoming a premier choice for energy, gas utility and industrial customers seeking exceptional service and solutions for the largest and most complex industry needs. The transaction diversifies our product offerings for our customers and de-risks our business. DNOW’s long-standing reputation, robust capabilities and broad global presence make it the ideal partner for MRC Global, as our two great companies continue to grow and compete in an expanding global market. Importantly, we have aligned corporate values and a shared commitment to delighting our customers through operational excellence and a culture of outstanding service. This is an exciting milestone for MRC Global, and I am grateful to our team members around the world whose dedication to our business and our customers continues to drive our success," Rob Saltiel, MRC Global President and CEO.