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Canadian plastic pipe maker Ipex completes acquisition of Silver-Line Plastics

November 19/2019

MOSCOW (MRC) -- Canada-based thermoplastic piping systems manufacturer Ipex has completed its stock purchase of Silver-Line Plastics, said Canplastics.

Silver-Line Plastics is a U.S. manufacturer of plastic pipe products with production facilities in North Carolina, Oklahoma, and Florida.

The goal of the acquisition, which was first announced in August, is to allow Ipex to increase its market position in the U.S. with an expanded product portfolio serving a broader client base.

The financial terms of the deal have not been disclosed.

"Over the next few months, the Ipex team will be working closely with the Silver-Line organization to ensure we capture the many exciting opportunities we have identified between our two companies, Ipex CEO Alex Mestres said in a statement. "We are quite thrilled as this transaction will solidify our continued growth in the U.S. and will deliver significant value to our customers."

Ipex is part of Aliaxis, a manufacturer and distributor of plastic piping systems headquartered in Belgium.

"We are very excited to officially welcome the Silver-Line employees to our family, says Aliaxis CEO Laurent Lenoir. Combining the forces of our North American IPEX team and Silver-Line will allow us to reinforce our value proposition."

As per ICIS-MRC Price Report, Russian converters were in no hurry to replenish their inventories of high density polyethylene (HDPE) last week, hoping for further price cuts. Sellers were forced to reduce prices, in order to boost their sales. Oversupply remained, with the natural pipe grade HDPE market accounting for the greatest surplus. 
Offer prices for Uzbek HDPE to be shipped in the third decade of November reached Rb92,000/tonne CPT Moscow, including VAT. 

Silver-Line Plastics Corporation manufactures and markets plastic pipe products. The Company offers PVC, polyethylene, conduit, geothermal, and plastic pipes and tubing. Silver-Line Plastics offers its products for irrigation, well casing, plumbing, electrical, utility, and gas distribution applications.


mrcplast.com
Author:Anna Larionova
Tags:PE, HDPE, pipe extrusion, Canada, Russia, USA.
Category:General News
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