Future Pipe Industries Group Acquire Specialty Plastics Inc
Future Pipe Industries Group, have acquired 100% of the fibreglass reinforced pipe business, Specialty Plastics from ITT Exelis
SPI, based in Baton Rouge, Louisiana, USA, is a supplier of fibreglass pipes and systems for offshore platforms and marine vessels. The takeover is a strategic addition to FPIG’s composite pipe business and adds a significant new offering to it’s already extensive product range extending FPIG’s global capabilities in the offshore rig and floating production and storage of oil (FPSO) market.
Fouad Makhzoumi, Chairman and CEO of Future Pipe Industries Group said;
The acquisition of Specialty Plastics, Inc. is a strategic fit to FPIG that will compliment its product offerings, geographical reach and customer sectors. SPI’s solutions, people and expertise will extend our ability to deliver competitive services particularly in the Americas and continue to strengthen FPIG as a leading global provider of composite pipe systems.