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Subsequent Event
12 Months Ended
Dec. 31, 2015
Subsequent Event  
Subsequent Event

 

 

 

 

Note 17. Subsequent Event

 

On January 1, 2016, we acquired Tubular Steel, Inc. (“TSI”), a distributor and processor of carbon, alloy and stainless steel pipe, tubing and bar products. TSI, headquartered in St. Louis, Missouri, has seven locations and a fabrication business that supports its diverse customer base. This acquisition was funded with borrowings on our revolving credit facility. For the year ended December 31, 2014, TSI’s net sales were approximately $200.0 million.