Maverick Tube
Maverick was a leading North American producer of weldedOCTG, line pipe and coiled tubing for use in oil and natural gas wells. It was acquired by Tenaris in 2006.
Latest News
Maverick Tube to Acquire Columbian Steel Tubemakers
24 May 2005 - Maverick Tube Corp. has entered into a definitive agreement to acquire Tubos del Caribe SA, a Colombian manufacturer of oil country tubular goods (OCTG) and line pipe; substantially all of the equity interests in Consorcio Metalurgico Nacional SA, a Colombian manufacturer of steel electrical conduit and other pipe and tube products used in a variety of industrial applications; and Advance Corp., a Houston, Texas, based distributor of OCTG and electrical conduit.
Maverick Tube Announces Appointment of CEO and CFO
20 May 2005 - Maverick Tube Corp.’s Board of Directors has named C. Robert Bunch, the company's Chairman, as Chief Executive Officer. The Board also appointed Joyce M. Schuldt, currently the company's Vice President—Legal and Tax and Secretary, as Senior Vice President-Finance, Chief Financial Officer and Secretary. Both appointments are effective May 18, 2005.
Maverick Tube to Expand Coiled Tubing Capacity by 50%
13 May 2005 - Maverick Tube Corp. has begun work on a $12 million project to expand the capacity of its Precision Tube coiled tubing facility by more than 50%. The Precision Tube Houston, Texas, facility expansion is expected to be completed in the first quarter of 2006.
Maverick Tube Announces Sale of Hollow Structural Sections Assets
12 May 2005 - Maverick Tube Corp. has executed a letter of intent regarding the sale of specific assets associated with its hollow structural sections (HSS) product line to Atlas Tube Inc. The letter of intent anticipates the purchase by Atlas of Maverick's HSS inventory and customer lists in the U.S. and Canada for a cash payment payable at closing.
Maverick Tube Reports Record Year End Results
10 February 2005 - Maverick Tube Corp. announced net income of $38.5 million on net sales of $396.2 million for the quarter and net income of $193.8 million on net sales of $1.456 billion for the year ended December 31, 2004.
Maverick Tube Realigns Finance Department
17 January 2005 - Maverick Tube Corp. announced realignment of its Finance Department. As part of the realignment, Pamela G. Boone, 41, the company's current Vice President and Chief Financial Officer, will take the position of Vice President and Treasurer. Kevin J. Schnurbusch, 34, the company's Corporate Controller, will take the position of Chief Accounting Officer.
Maverick Tube Announces New Officer Appointments
05 January 2005 - Maverick Tube Corp.’s Board of Directors has elected C. Robert Bunch, currently the company's President and Acting CEO, as Chairman. Mr. Bunch, who will remain Acting CEO, replaces Gregg Eisenberg, whose retirement as Chairman was previously announced.
Maverick Tube Selects Location for New Republic Conduit Facility
17 December 2004 - Maverick Tube Corp. announced that it will locate its new, state-of-the-art Republic Conduit facility in Louisville, Ky., pending receipt of applicable permits.
Maverick Tube Commences Exchange Offer
02 December 2004 - Maverick Tube Corp. has filed a registration statement on Form S-4 with the Securities and Exchange Commission to register its offer to exchange $120 million principal amount of its 2004 4.00% convertible senior subordinated notes due 2033 for an equal amount of its currently outstanding 4.00% convertible senior subordinated notes due 2033. Maverick will pay an exchange fee of $2.50 for each $1,000 principal amount of Old Notes accepted for exchange and provide public acquirer change-of-control provisions.
Maverick Tube Reports Record 3rd Quarter Results
19 October 2004 - Maverick Tube Corp. reported net income of $68.5 million on net sales of $400.7 million, and net income of $155.3 million on net sales of $1,060.1 million for the third quarter and nine months ended September 30, 2004, respectively.
Maverick Tube Revises 3rd Quarter Earnings Guidance
12 October 2004 - Maverick Tube Corp. announced its expectation to exceed the previously announced earnings range of $1.20 to $1.40 for the third quarter.
Maverick Tube Reports Record 2nd Quarter Results
21 July 2004 - Maverick Tube Corp. announced net income of $58.0 million on net sales of $348.1 million for the quarter and net income of $86.7 million on net sales of $659.4 million for the six months ended June 30, 2004.
Maverick Tube to Consolidate Republic Conduit Operations
15 June 2004 - Maverick Tube Corp. announced plans to consolidate the Republic Conduit operations into a state-of-the-art facility located in the Midwestern United States.
Maverick Tube Announces Pending Acquisition of Texas Arai
22 April 2004 -
Maverick Tube Reports Record 1st Quarter Results
21 April 2004 -
ITC Votes to Continue Welded Line Pipe Cases
17 April 2004 -
Maverick Tube Reports 4th Quarter Results
22 January 2004 -
