Wilson Industries Inc., Houston, a subsidiary of Smith International Inc., is acquiring most of the assets of Van Leeuwen Pipe & Tube Corp., Houston, effective Jan. 31. Purchase price was not disclosed.
Van Leeuwen provides pipe, valves and fittings to new construction and maintenance, repair, and operating (MRO) projects. It operates in eight states and employs 300 people. In fiscal 2000, Van Leeuwen's US revenues were $190 million.
Koos Breen, chairman and CEO of Van Leeuwen Pipe and Tube Group BV, the Dutch parent of Van Leeuwen Pipe & Tube Corp., said, "Wilson and Van Leeuwen complement each other very well in the US. We are also exploring opportunities with Wilson for further cooperation in Europe, the Middle East, and Asia to improve the service to our global customers."
John Kennedy, president and CEO of Wilson, stated, "Van Leeuwen has established a strong position in the US refining, petrochemical, and power generation markets. The combined company will provide broader geographic coverage and an expanded product and service offering."
Wilson provides pipe, valves, fittings, industrial supplies, and other MRO products to the energy, refining, petrochemical, and power generation markets.
