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McDermott Completes Sale Of Alloy Piping Products - Quick Facts

McDermott International, Inc. (MDR), providing an update on its asset sale process, on Monday said it has completed the sale of Alloy Piping Products (APP), the distribution and manufacturing arm of its U.S. pipe fabrication business.

The company added that it continues to pursue a sale of the remaining portion of the U.S. pipe fabrication business, with an objective of concluding a transaction by the end of the third quarter of 2019.

The company aims to complete the sale of the storage tank business by the end of the third quarter of 2019.

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