IPSCO acquires NS Group, expands pipe offering

North American tubular product manufacturer IPSCO Inc. has announced the completion of its acquisition of NS Group Inc, maker of seamless and welded OCTG pipes. IPSCO says that the transaction will provide the opportunity for the company to broaden its line of energy products and to become the leading North American supplier of tubular products to the oil and natural gas sector. IPSCO's energy product offering has been expanded to include NS Group's seamless pipe and oilfield services provided by ULTRA, a recent acquisition of NS Group. With the acquisition of NS Group, IPSCO now operates four steel mills, eight pipe mils, scrap processing centers and product finishing facilities in 25 locations across the US and Canada.