Tenaris completes acquisition of IPSCO Tubulars from TMK
In connection with the closing of the transaction, the parties entered into a 6-year master distribution agreement whereby, beginning on
“The IPSCO acquisition marks a new chapter in our U.S. expansion and represents another milestone in Tenaris’s history. Together, we are uniquely positioned to serve the U.S. oil and gas industry, with an extensive geographic deployment throughout
Tenaris’s existing U.S. industrial and service network – located primarily in the south – is complemented by IPSCO’s facilities located mainly in the mid-western and northeastern regions of the country. IPSCO’s steel shop in
“With IPSCO, we will be able to strengthen our Rig Direct® offering with shorter lead times and more responsive service capabilities,” added Rocca. “We look forward to integrating IPSCO’s team and serving our customers more efficiently.”
Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements.
Source: Tenaris S.A.