Valuewalk.com
0
All posts from Valuewalk.com
Valuewalk.com in Valuewalk.com,

NOW Inc. Announces Challenger Industries Acquisition

NOW Inc. announced today that it has entered into an agreement to purchase the business of Challenger Industries, Inc. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed.

Challenger Industries, Inc. is a leading pipe, valves and fittings supplier for the downstream, midstream and upstream energy markets. The company manages a distribution business of approximately 11 sales and operations locations across the United States and employs approximately 160 employees.

Robert Workman, President and CEO of NOW Inc., remarked, “With a majority of their revenues tied to the provision of pipe, valves, fittings and flanges...


More