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Luxembourg company acquires pipe manufacturer with local facilities

Julia Mericle
Luxembourg company acquires pipe manufacturer with local facilities

Luxembourg-based manufacturer Tenaris announced plans Friday to acquire IPSCO Tubulars Inc., which has facilities located in Ambridge and Koppel, Pennsylvania and Brookfield, Ohio, according to a news release. IPSCO Tubulars is a U.S. owned subsidiary of PAO TMK (NYSE: TMKXY), a Russia-based manufacturer of steel pipe. TMK Ipsco's North American headquarters is in Houston.