PVF

MRC Global Reports Full Year and Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, February 13, 2024

MRC Global’s fourth quarter 2023 gross profit was $153 million, or 19.9% of sales, as compared to gross profit of $158 million, or 18.2% of sales, in the fourth quarter of 2022.

Key Points: 
  • MRC Global’s fourth quarter 2023 gross profit was $153 million, or 19.9% of sales, as compared to gross profit of $158 million, or 18.2% of sales, in the fourth quarter of 2022.
  • The company’s sales were $768 million for the fourth quarter of 2023, 12% lower than the fourth quarter of 2022 and a 14% decline from the third quarter of 2023.
  • U.S. sales in the fourth quarter of 2023 were $633 million, a $87 million, or 12%, decrease from the same quarter in 2022.
  • Gas Utilities sales in the fourth quarter of 2023 were $253 million, or 33% of total sales, a decline of $66 million, or 21%, from the fourth quarter of 2022 driven by the U.S. segment.

F.W. Webb Moves Boston Wholesale Location and Frank Webb Home Showroom into New Facility

Retrieved on: 
Monday, January 22, 2024

Webb Company is pleased to announce that its Boston wholesale store and Frank Webb Home showroom have moved into a new facility at 101 Hampden Street , which is conveniently located just off Route 93.

Key Points: 
  • Webb Company is pleased to announce that its Boston wholesale store and Frank Webb Home showroom have moved into a new facility at 101 Hampden Street , which is conveniently located just off Route 93.
  • The new facility is adorned with a mural completed by the legendary Bronx-based graffiti artists Tats Cru.
  • Local artists Kem5 and Deme helped with the art project at the new Boston facility.
  • At the brand-new Frank Webb Home showroom, working displays will offer a hands-on experience while knowledgeable showroom consultants will be available to showcase their expertise in bath, kitchen, and lighting solutions.

Partners Value Investments L.P. Announces Establishment of Normal Course Issuer Bids

Retrieved on: 
Thursday, December 28, 2023

Any Equity LP Units and/or Preferred LP Units acquired through the Bids will be cancelled.

Key Points: 
  • Any Equity LP Units and/or Preferred LP Units acquired through the Bids will be cancelled.
  • As of December 15, 2023, there were 70,671,137 Equity LP Units outstanding and 18,767,012 Preferred LP Units outstanding.
  • This is the Partnership’s first normal course issuer bid, and therefore it has not made any purchases of its Equity LP Units or Preferred LP Units.
  • All Equity LP Units and Preferred LP Units acquired by the Partnership under the Bids will be cancelled.

APR Supply Co. Selects Blitzz’s App-Free Video Support to Help Contractors Grow Their Business Faster

Retrieved on: 
Tuesday, December 12, 2023

In the past, when contractors had an issue with equipment, APR Supply Co. would either send a dedicated support vehicle to the contractor’s location or try to resolve the issue over a phone call.

Key Points: 
  • In the past, when contractors had an issue with equipment, APR Supply Co. would either send a dedicated support vehicle to the contractor’s location or try to resolve the issue over a phone call.
  • With Blitzz’s live, one-click, app-free video support software, an APR Supply Co. Technical Service Advisor (TSA) simply sends the contractor a link via SMS text message.
  • AR allows APR Supply Co. and contractors to mark points of interest on the screen, eliminating confusing verbal cues.
  • Faster problem solving: Because APR Supply Co. can see what the contractor can see in the field, issues are resolved faster.

Trive Capital Forms New Industrial Distribution Company Venturi Supply

Retrieved on: 
Wednesday, December 20, 2023

DALLAS and PHOENIX, Dec. 20, 2023 /PRNewswire/ -- Trive Capital , a Dallas, Texas-based private equity firm, announces the formation of Venturi Supply ("Venturi" or the "Company"), a leading independent value-added distributor of pipe, valves, fittings ("PVF"), engineered products, and industrial supplies.

Key Points: 
  • DALLAS and PHOENIX, Dec. 20, 2023 /PRNewswire/ -- Trive Capital , a Dallas, Texas-based private equity firm, announces the formation of Venturi Supply ("Venturi" or the "Company"), a leading independent value-added distributor of pipe, valves, fittings ("PVF"), engineered products, and industrial supplies.
  • The Company is the result of the acquisitions of six PVF distribution businesses—BPS Supply Group, Producers Supply Company, Tri Star Industrial, Ameripipe Supply, Industrial & Construction Enterprises, and Albuquerque Pipe & Pump Supply.
  • "I am excited to lead Venturi Supply and its family of businesses, which collectively comprise one of the nation's largest independent PVF distributors."
  • King & Spalding LLP served as legal counsel to Trive Capital and Venturi Supply for each of the six acquisitions.

F.W. Webb Expands to Poughkeepsie, NY Through Its Acquisition of J.D. Johnson Co.

Retrieved on: 
Monday, December 4, 2023

F.W.

Key Points: 
  • F.W.
  • Johnson Co., a business that has served the community for more than 150 years, complements F.W.
  • Webb wholesale locations, Poughkeepsie is a one-stop source for an extensive inventory of high-quality products, expert assistance and unrivaled customer service,” said F.W.
  • Johnson Co. customers and expanding relationships with our loyal and growing customer base at our newest New York state wholesale location.”

DuPont Launches Printed Tedlar® PVF Solutions and PVF Coating at Taipei Building Show

Retrieved on: 
Thursday, December 7, 2023

TAIPEI, Dec. 7, 2023 /PRNewswire/ -- DuPont (NYSE:DD) today announced that Coryor Surface Treatment Company Ltd. and Nippon Paint Taiwan have introduced a series of new offerings including printed Tedlar® PVF solutions and PVF coating in Taipei Building Show, the largest building materials exhibition in Taiwan.

Key Points: 
  • TAIPEI, Dec. 7, 2023 /PRNewswire/ -- DuPont (NYSE:DD) today announced that Coryor Surface Treatment Company Ltd. and Nippon Paint Taiwan have introduced a series of new offerings including printed Tedlar® PVF solutions and PVF coating in Taipei Building Show, the largest building materials exhibition in Taiwan.
  • DuPont worked very closely with Coryor Surface Treatment Co. to launch the printed PVF film solutions featured at the show.
  • In addition to the Coryor printed products, DuPont is also co-launching a PVF coating solution with Nippon Paint at the Taipei show.
  • "Tedlar® PVF coating has been chosen for projects requiring premium protection of metal building materials used in corrosive environments.

F.W. Webb Opens Newest Wholesale Location in Maspeth, Queens

Retrieved on: 
Monday, November 6, 2023

Webb Company , the largest wholesale distributor of plumbing, heating, HVAC, LP gas, refrigeration, pipe, valves and fittings in the Northeast, today announced the opening of its newest wholesale location in Maspeth, Queens.

Key Points: 
  • Webb Company , the largest wholesale distributor of plumbing, heating, HVAC, LP gas, refrigeration, pipe, valves and fittings in the Northeast, today announced the opening of its newest wholesale location in Maspeth, Queens.
  • Webb’s latest New York City store is conveniently located at the geographic center of the five boroughs at 2 Galasso Place in Maspeth, Queens.
  • Webb employees, the Maspeth location features an expansive array of industry-leading plumbing, heating, PVF and industrial products along with ample parking, convenient hours, will call and local delivery.
  • “Our newest location will continue this longstanding tradition in the Maspeth, Queens community and underscore our unwavering, 150+ year commitment to supporting customers before, during and after every job.”

U. S. Steel and DuPont Launch COASTALUME™ Product, North America's First GALVALUME® Solution Engineered and Warrantied for Coastal Environments

Retrieved on: 
Tuesday, October 17, 2023

PITTSBURGH and WILMINGTON, Del., Oct. 17, 2023 /PRNewswire/ -- United States Steel Corporation (NYSE: X) ("U. S. Steel") and DuPont (NYSE: DD) today launched COASTALUME™, North America's first GALVALUME® material designed and warrantied for coastal environments. Marking a collaboration of two iconic American industry leaders, the new COASTALUME™ product combines the strength and self-healing characteristics of U. S. Steel's GALVALUME® material with DuPont™ Tedlar® PVF film barrier that withstands saltwater corrosion, UV damage, cracking, impact, and more. The jointly designed product is exclusively available through U. S. Steel.

Key Points: 
  • PITTSBURGH and WILMINGTON, Del., Oct. 17, 2023 /PRNewswire/ -- United States Steel Corporation (NYSE: X) ("U. S. Steel") and DuPont (NYSE: DD) today launched COASTALUME™, North America's first GALVALUME® material designed and warrantied for coastal environments.
  • The jointly designed product is exclusively available through U. S. Steel.
  • "American-made steel stands above steel made anywhere else, and steel is infinitely recyclable, unlike other building materials," said Robert Kopf, Vice President Sales and Marketing, at U. S. Steel.
  • DuPont and U. S. Steel have more than 340 years of combined science and manufacturing excellence in the United States.

Ferguson and CADENAS PARTsolutions collaborate to enhance industrial customer experience in accessing and reusing CAD models and data

Retrieved on: 
Thursday, September 21, 2023

Part of that is making sure our buyers can access whatever they need whenever they need it.

Key Points: 
  • Part of that is making sure our buyers can access whatever they need whenever they need it.
  • The new online tool allows engineers to see 3D previews of products, make custom configurations and download models in various formats.
  • "Part of that quality is making sure our industrial buyers can access whatever they need whenever they need it."
  • Simplifying the process of accessing CAD product data is imperative for Ferguson Industrial's focus on customer success.