PVF Distributor FloWorks Sells Plate And Sheet Business

The plate and sheet operations, located in Garland, TX, has been sold to CL Alloys-Dallas. It had approximately $10 million in 2015 sales.

HOUSTON — FloWorks International, a specialty distributor of pipes, valves and fittings formerly known as Shale-Inland, announced the sale of its plate and sheet operations located in Garland, TX to CL Alloys-Dallas LLC.

The transaction closed on June 30. The location had sales of approximately $10 million for fiscal year 2015.

The Garland plate and sheet operations were the remaining assets of the legacy Fabrication and Distribution Services (F&DS) business, which FloWorks divested in 2014. This sale completes FloWorks exit from locations dedicated to the distribution of flat products and metal services.

"The divestiture continues our previously announced efforts of focusing and growing our valve and automation and specialty pipes, fittings and flanges businesses," said Frank Riddick, FloWorks CEO. "The team at our Garland location has performed extremely well given the exit from our F&DS business and challenging market conditions for their products and services. The transaction will enable the business and the team to continue to serve customers through the transaction with CL Alloys, a well-regarded supplier."

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