Shale-Inland Holdings to acquire Shale-Inland, HD Supply's IPVF business

Shale-Inland Holdings LLC, a holding company majority-owned and -controlled by funds of TowerBrook Capital Partners L.P., has announced plans to acquire Shale-Inland and HD Supply's IPVF business. The transactions are expected to close by the end of March 2012, at which time the two acquired businesses will likely be combined.

Shale-Inland is a distributor of stainless, aluminum, carbon steel, and protective film offering stamping and fabrication services. HD Supply's IPVF, which comprises Southwest Stainless & Alloy, J&J Alloys, Sunbelt Supply Co., and Metals Inc., is a distributor of stainless steel, chrome, nickel and nickel alloys, aluminum, and carbon steel pipe, plate, bar, coil, sheet, valves, flanges, and fittings.