MRC Global Inc. (MRC), a provider of pipe, valve, and fitting products and services, said on Monday that its subsidiary, MRC Global (Canada) ULC, has inked a deal to sell its Canadian operations to Emco Corporation.
The company plans to use the proceeds from this transaction, to be closed in the first half of 2025, to reduce debt.
Rob Saltiel, CEO of MRC Global, said: "This divestiture will reposition our strategic focus and future capital investment decisions on our core geographies and product offerings that provide the strongest growth and profit potential. The sale of our Canada business is expected to be accretive to our total company adjusted gross margins and adjusted EBITDA margins."
As a result of this transaction, for the fourth quarter, MRC expects to record a pre-tax, non-cash loss from discontinued operations of around $25 million.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.