Japan-based Sumitomo Corporation has announced that its wholly-owned Texas, US-based subsidiaries Premier Pipe LLC and Pyramid Tubular LLC, two leading distributors of OCTG materials and services, will be merging to form a new consolidated company effective October 1, 2020. The new company will be focused on service and technology offerings that improve efficiency and performance outcomes for customers.
A new name for the merged company will be announced in the coming months, while Randall Edwards is to be the CEO of the company.
“Our customers are facing a supply and demand equation that requires collaborative partnership and new solutions. Our longstanding relationships with mills and end-users, combined with an expanding suite of services, allows us to be that creative partner,” Randall Edwards said.