TMK began the process of merging VTZ and ChTPZ into TMK Pipeline Solutions LLC to realize synergies from combining its large-diameter pipe business with the business of ChTPZ acquired. And ChTPZ's business in the seamless pipe segment will be merged with SmartMet LLC. The purpose of the reorganization is to increase the efficiency of TMK's business, focus the management's efforts on its main strategic lines of business, and attract new investors to the allocated lines of business.