Sumitomo Corporation Completes Acquisition of Edgen Group Inc.
Sumitomo Corporation (“SC”) and Sumitomo Corporation of America (“SCOA”), collectively “Sumitomo”, today announced that it has closed its acquisition of Edgen Group Inc. (“Edgen Group”) for US$12.00 per share.
Sumitomo Corporation to Acquire Edgen Group Inc.
Edgen Group stockholders to receive US$12.00 per share
Edgen Group Names Dan Keaton Senior Vice President, Americas for Edgen Murray
Edgen Group Inc. (NYSE:EDG), a leading global distributor of specialty steel products and services for the energy and infrastructure markets, has named Dan Keaton Senior Vice President, Americas for its Edgen Murray brand. Mr. Keaton will lead commercial sales and purchasing activities for the Edgen Murray business throughout North and South America.
Edgen Murray Expands Valve and Actuation Offering with Acquisition of U.K.-Based HSP Group Limited
Acquisition complements Edgen Murray’s current service to global oil and gas customers by adding valve brands and actuation services with a focus on upstream, refining, petrochemical and power applications.
Edgen Murray Expands Service Offerings with Acquisition of Eterneti Profiling
Acquisition brings advanced profiling services in-house and provides Edgen Murray’s U.K. and European customers with extended package offerings and fast response times.
Edgen Murray Solidifies Paris Operations with Incorporation of French Business Entity
Demonstrates deepening commitment to French Energy and Infrastructure markets. Office enhances ability to support French clients and markets.
Edgen Murray Expands European Presence with Norway Office and Stock Facility Opening
Demonstrates expanded commitment to the North Sea and Norwegian continental shelf projects.
Edgen Murray Opens New Office in South Korea
New office demonstrates deepened commitment to the Korean market.
Edgen Murray Saudi Company Expands Saudi Presence
Stock facility opens, expanding Edgen Murray presence.
Edgen Murray Boosts Paris Operations
New office based in Neuilly Sur Seine staffed by experienced regional and international sales team.
Edgen Murray Boosts Saudi Market Presence
Joint venture marries product and service expertise with market knowledge to establish foothold in growing market.
Edgen Murray Acquires PetroSteel
Edgen Corporation acquired PetroSteel International expanding its offshore product base to provide a comprehensive supply solution to its customers for specialty offshore grade steel plates and profiles. Additional information about the products distributed by PetroSteel can be obtained at www.PetroSteel.com.