McJunkin Acquiring Dresser Oil Tools & Supply Assets

McJunkin Red Man Corp. will acquire operations and assets from Dresser Oil Tools & Supply as part of its strategic focus to increase its presence and commitment to customers in the active shale basins across North America. The operations and assets to be purchased relate to the business of the sale and distribution of pipe, valves and fittings (PVF), oilfield production and drilling supplies and related products.