Collins Pipe & Supply buys Apex Remington facility
Collins Pipe & Supply Co. agreed to acquire the Marcus Hook, Pa., location of Apex Remington Pipe & Supply Company, formerly Bear Tubular.
The acquisition is scheduled to finalize on Aug. 2 for an undisclosed amount, with a plan for all of the Apex Remington key employees to remain in place to manage and operate the new Collins location. The acquisition expands Collins Pipe & Supply Co. Inc. distribution and engineering services into the largest industrial marketplace in the Middle Atlantic region.
“We are delighted to announce this acquisition and that the dedicated and experienced Apex Remington staff will be joining the Collins team,” said Brian Tuohey, president of Collins Pipe & Supply Co. Inc.
"This acquisition strengthens Collins in two key areas. This company has been recognized as a highly respected master distributor of carbon steel pipe up and down the eastern seaboard for the last 40 years. They also have a very strong presence in the greater Philadelphia oil and gas refinery market that is experiencing a very strong resurgence and should continue to grow and expand for many years to come.”
“Joining the Collins team was a ‘win, win,’ for both companies,” said VJ Jacono Jr., manager of the Marcus Hook facility. “Collins was a natural fit because the acquisition enables both companies to grow and expand into new geographic regions with additional product strength. It is truly one of those extremely rare occurrences when one and one actually do make three.”
Collins continues to be headquartered in East Windsor, Conn., with six locations in New England and upstate New York.
INDUSTRIAL SUPPLY MAGAZINE
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