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Slide #14. Centric Pipe, LLC — Northwest Pipe OCTG Business
Centric Pipe, LLC
Northwest Pipe OCTG Business (NASDAQ:NWPX)
Northwest Pipe Company (NASDAQ: NWPX) today announced it has sold substantially all of its oil country tubular goods ("OCTG") assets to Centric Pipe, LLC, an affiliate of Dallas-based OCTG supplier SB International, Inc., for a purchase price of $42.7 million. The Company will retain ownership of, and lease to Centric Pipe its Houston, Texas real property. Centric Pipe will have the option to purchase the Houston real property at a later date.
Strong Buy (4.00 out of 4)