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Tenaris completes sale of structural pipe business to MKK USA

Tenaris announced that it has completed the sale of its subsidiary Geneva Structural Tubes LLC to MKK USA, a wholly owned subsidiary of Maruichi Steel Tube Ltd of Japan, on November 1, 2021. The business manufactures and sells square and rectangular welded steel pipe for structural applications from its plant located in Geneva, NE.  

The sale transfers 100% ownership of Tenaris’s US structural pipe business for US$ 24.1 million on a cash free, debt free basis, pending final adjustments for working capital variation.

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Our brand name is derived from the word tenacity, representing our determination to serve our customers wherever they are and pursue and achieve the goals that we set ourselves. It is about striving for excellence in everything we do.
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