CHICAGO, March 27, 2012 /PRNewswire-Asia/ — Shale-Inland Holdings, LLC today announced the completion of its acquisition of the Industrial Pipe, Valves and Fittings business (“IPVF”) of HD Supply, Inc. IPVF is comprised of several businesses including Southwest Stainless and Alloy, J&J Alloys, Sunbelt Supply Co. and Metals Inc., collectively one of the nation’s largest master distributors of stainless steel, chrome, nickel alloys, aluminum and carbon pipe, plate, bar, valves, flanges and fittings – with a global footprint. The IPVF companies have been combined with Main Steel and Shale-Inland Stamping & Fabricating to form one of North America’s largest industrial supply companies.
“We warmly welcome Mike Stanwood, his talented team of managers and employees, and their 6000 national and international customers to Shale-Inland,” said Craig T. Bouchard, Chief Executive Officer of Shale-Inland. “Our team will transition seamlessly to offering our customers value-added products in PVF, steel and aluminum sheet and plate, stamping and fabricated metal, and our 3M-partnered film products through our 47 facilities in North America. This is a very proud day for Shale-Inland.”
GE Capital, Corporate Finance served as administrative agent for a $350 million asset-based credit facility for Shale-Inland and GE Capital Markets served as sole bookrunner and co-lead arranger. BMO Capital Markets served as Co-lead arranger and Syndication Agent.
Shale-Inland is a leading industrial supplier and distributor of products used in refining, petrochemical production and the transportation of water, food, energy, and information to its end use. Our mission is to provide our 6800 customers with service that engenders fierce loyalty. Through 47 locations in North America, Shale-Inland delivers a broad spectrum of metal, pipe, valves, or finished parts just-in-time. We are dedicated to helping our customers be innovative and solve their supply chain problems. For more information, visit www.shale-inland.com.