USA approves Tenaris IPSCO Tubulars acquisition from TMK

TMK announced that the US Department of Justice has dropped its investigation into Tenaris IPSCO Tubulars Inc's alleged acquisition from TMK. The proposed transaction was concluded on 22 March 2019 in accordance with the Share Purchase Agreement between TMK and a 100% subsidiary of Tenaris. TMK plans to complete the deal shortly.

IPSCO is one of North America's largest manufacturers of premium welded and seamless pipes and fittings designed to serve the oil and gas industry and many industrial markets. Has the following facilities in North America:
Houston - Corporate Headquarters and Research Center
Ambridge, PA - Seamless pipe production
Baytown, TX - Tubing finishing.
Blytheville, AR - Manufactures welded OCTG pipe, line pipe, standard pipe
Brookfield, OH - Produces premium steel pipe fittings
Camanche, IA - Produces welded OCTG pipes, line pipes, standard pipes
Catoosa, OK - Performs finishing work on tubular products
Edmonton, AB - Equipment for threading and pipe maintenance
Geneva, NE - Hollow Profile Plant
Koppel, PA - Steel and billet production
Midland, TX - Produces a line of high quality connections
Wilder, KY - Produces both casing and tubing
ULTRA Coating - Outer coating of pipelines