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MRC Global reports 26% growth, increases proposed deal size

March 6, 2012
MRC

MRC Global, the largest global pipes, valves and fitting (PVF) and services supplier to the energy industry, increased its proposed deal size from $100 million to $500 million in a filing with the SEC on Tuesday. The company reported that sales increased 26% to $4.8 billion in 2011. Operating income rose from $66 million to $195 million. Goldman Sachs and Barclays were announced as lead underwriters.