PTC LIBERTY TUBULARS LLC ANNOUNCES PURCHASE OF CERTAIN BOOMERANG TUBE, LLC PIPE MILL ASSETS

February 11, 2021

PTC LIBERTY TUBULARS LLC ANNOUNCES PURCHASE OF CERTAIN BOOMERANG TUBE, LLC PIPE MILL ASSETS

Liberty, TX — February 11, 2021 — PTC Liberty Tubulars LLC (PTC Liberty) is pleased to announce the completion of the purchase of substantially all of the assets of Boomerang Tube, LLC (Boomerang), a leader in OCTG welded pipe for the oil and gas sector. In addition, PTC Liberty acquired the assets of the Southern Tube LLC facility in Houston, TX.

PTC Liberty will be supervised and operated by the management team of PTC Alliance LLC (PTC Alliance). PTC Alliance is the leading manufacturer and marketer of welded and drawn over mandrel (DOM) mechanical steel tubing, cold drawn seamless, fabricated, precision tubular components, and chrome-plated steel bars. For nearly 100 years, PTC Alliance has been an essential supplier to major end–users including construction and agricultural equipment, machinery and appliances, as well as automotive, heavy truck and energy applications.

Forward-Looking Statements

Mr. Cary Hart, CEO of PTC Alliance, said, “We are very excited to welcome PTC Liberty to the PTC group of companies. This acquisition brings together two industry leaders under one well financed and well supported organization. Our customers will benefit greatly from both operating and commercial synergies of the combined company.”

“The collaboration between PTC Alliance and PTC Liberty will allow us to expand our technological capabilities and increase operational efficiencies, while delivering value to our customers. We are excited to begin our next chapter with PTC Liberty”, said PTC Alliance CFO, Steven Bogle.

PTC Liberty VP Sales and Marketing, Kelly Hanlon added, “Combining these two organizations allows increased emphasis on quality and service through shared services of a much larger organization. Our sales team can draw on much deeper resources to better service our OCTG customers.”
For more information, please visit our website – www.ptclibertytubulars.com