Northwest Pipe Company Acquires Permalok Corporation
January 02 2014 - 6:00AM
Marketwired
Northwest Pipe Company Acquires Permalok Corporation
VANCOUVER, WA--(Marketwired - Jan 2, 2014) - Northwest Pipe
Company (NASDAQ: NWPX) announced today that it has acquired
Permalok Corporation, a fabricator of steel piping utilizing the
Permalok patented interlocking pipe joining system.
Permalok's interlocking pipe joining system complements and
expands Northwest Pipe Company's offerings by providing alternate
joint solutions to their already comprehensive product line. The
acquisition also strengthens Northwest Pipe Company's Water
Transmission business with Permalok's rolled and welded steel pipe
products currently being used in trenchless applications. Northwest
Pipe Company sees opportunities to expand in other segments such as
structural pipe, industrial and the water transmission
business.
"With the acquisition of Permalok, we are positioned to better
serve our customer requirements with an expanded product offering,"
said Scott Montross, Northwest Pipe President and CEO.
"Furthermore, we feel the Permalok product has a wider market
potential by offering a lower cost solution compared to existing
products."
The Permalok team will continue to operate out of its St. Louis
and Salt Lake City manufacturing locations and will be doing
business as Permalok Corp, a Northwest Pipe Company.
About Northwest Pipe
Company Northwest Pipe Company is a leading manufacturer of
welded steel pipe and tube products. The Water Transmission Group
is the largest manufacturer of engineered steel pipe water systems
in North America. With five Water Transmission manufacturing
facilities, the Group is positioned to meet North America's growing
needs for water and wastewater infrastructure. The Water
Transmission Group serves a wide-range of markets and their
solution-based products are a perfect fit for applications
including: water transmission, plant piping, energy, tunnels, river
crossings, structural, industrial and construction. The Tubular
Products Group operates three technologically-advanced ERW
(Electric Resistance Weld) mill facilities. Tubular Products
portfolio serves a wide-range of markets and its quality certified
pipe and tube products are good for applications including: oil and
gas, structural industrial, fire protection, low pressure and
agricultural. The Company is headquartered in Vancouver, Washington
and has manufacturing facilities in the United States and
Mexico.
For more information, visit www.nwpipe.com.
For Further Information, Contact: Robin Gantt Chief Financial
Officer 360-397-6250
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