"We are dedicated to offering customers and suppliers an advantage in oilfield metals, service and solutions," said Dave Warren, president of Energy Alloys. "The acquisition of these IMS UK divisions opens additional global supply chains and service centers for us to better serve our customers' expanding global needs. The combined company will offer great advantages to our existing and new customers."
Energy Alloys will acquire five divisions of IMS UK: Energy, Stainless, General Engineering, Mill Representation and Hydraulics, with the majority of the combined revenues coming from the oilfield industry.
"This diversification is a first for Energy Alloys, and presents an exciting opportunity," Warren said. "While our focus is on the energy industry, we are always seeking opportunities to extend our industry leading service model into related industries. The non-energy businesses we are acquiring present tremendous potential for Energy Alloys."
IMS UK is a major distributor of carbon, alloy and special steels to meet the diverse needs of industries both in the UK and throughout the world. The company comprises the former activities of James Fairley Steels, Athena Stainless Steels and Cromdane Steels and Engineering, bringing together a wealth of expertise in materials supply, management and distribution. The company has four sales offices and two warehouses in Rotherham, Chesterfield and Birmingham, England; and Bellshill, Scotland. The company operates a fully equipped machine shop, primarily for the oil and gas industry, including the UK's largest capacity, by size, for deep-hole boring.
Energy Alloys is a privately held Houston-based company that provides oilfield metals, services and solutions to the global oil and gas industry. Founded in 1995, the company has operations in Houston, Texas; Lafayette, Louisiana; Alberta, Canada; Dubai, U.A.E. and in the United Kingdom.
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