Flowserve Corp. announced that it has sold assets of its General Services Group (GSG) to Furmanite Worldwide Inc., a unit of Dallas-based Xanser Corp., for approximately $16 million in gross cash proceeds, while retaining approximately $12 million of net accounts receivable.
Edgen Corp. said that Jefferies Capital Partners, its principal shareholder, has agreed to acquire Murray International Metals Ltd. (“MIM”) of Edinburgh, Scotland, through a newly formed acquisition company.
President George W. Bush overruled a majority of International Trade Commissioners when he refused Dec. 30 to act upon a petition by seven U.S. steel pipe makers to place limits on Chinese-made steel pipe imports flooding the U.S. market.
Ferguson Enterprises announced that on November 30, 2005, members of John H. Frischkorn, Jr., Inc.'s employee stock ownership plan voted to approve the merger of Frischkorn with Ferguson.
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