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Article: Van Leeuwen to sell U.S. assets to Wilson.(Van Leeuwen Pipe and Tube Corp., Smith International)(Brief Article)
- Article from:
- Supply House Times
- Article date:
- February 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Wilson Industries, a subsidiary of Smith International, has entered into a definitive agreement to acquire substantially all the net assets of Houston-based Van Leeuwen Pipe and Tube Corp.
Van Leeuwen is a leading provider of pipe, valves and fittings to new construction and maintenance, repair and operating projects. It has branch operations in eight states and employs about 300 people. In fiscal 2000, Van Leeuwen had revenues from operations in the United States of $190 million.
Van Leeuwen plans to focus its efforts in European and Asian markets, where it sees possibilities for strong growth. The company also is keeping its Canadian operations, ...