Pipelife Aquires Quality Plastics
Solvay announced that Pipelife, its 50/50 joint venture with Wienerberger, has acquired Ireland’s Quality Plastics, a leading manufacturer of specialty pipes and fittings with a strong focus on so-called ‘Hot & Cold’ applications.
Quality Plastics produces and sells Cross-Linked Polyethylene (PEX), PEX multi layer Pipes, Polyethylene (PE) and Polybutylene (PB) Pipes, including a wide range of fittings and accessories. It operates two factories near Cork in Ireland achieving sales of EUR 42 million with 174 employees in the latest business year. Quality Plastics is also present in the United Kingdom through an own outlet and sales organisation and exports its products to several countries in Europe.
Pipelife intends to capitalise on this acquisition and on its own extensive network to serve clients with these products and technologies throughout Europe.
The Pipelife Group is a joint venture between Wienerberger of Austria and Solvay. It is one of the world’s leading Plastic Pipes and Fittings groups. It is now active in 29 countries and operates 30 factories with 2,800 employees achieving pro-forma sales of EUR 823 million in 2006.
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