Herbert Smith Freehills has advised MRC Global Inc. on the acquisition of MSD Engineering Pte. Ltd. by its Singapore subsidiary MRC Transmark Pte.Ltd.
MSD Engineering is a major distributor and regional service provider of valve and valve automation solutions across Singapore, Brunei, China, Malaysia, Indonesia, Thailand, Vietnam and Taiwan. The combined company will operate as MRC MSD Engineering, and serve oil and gas, petrochemical and other industrial sectors.
MRC Global is a Fortune 500 company headquartered in Houston, Texas. It is the largest global distributor of pipe, valves and fittings and related products and services to the energy industry.
The Herbert Smith Freehills team on the deal was led by Singapore partner Nicola Yeomans, who was supported by Singapore senior associates Eliza Coleman and Nithia Dory, and trainee solicitor Eidin Crowdy.
Nicola commented:
"We are delighted to have assisted MRC Global on the further expansion of its South East Asian business. The combination of MSD Engineering and MRC Transmark is highly complementary and demonstrates MRC's disciplined approach to acquisition growth. We are pleased to have advised MRC Global on a number of matters in the region, consistent with its announced strategy to expand geographically across Southeast Asia and in other key energy regions globally."