LONDON (Updated Oct. 5, 1:55 p.m. ET) — British investment firm Nova Capital Management Ltd. has entered the North American plastics industry. London-based Nova Capital has bought all five businesses that made up Latshaw Enteprises Inc. of Wichita, Kan. The businesses’ sales amount to about $60 million per year, and they employ more than 450 in five locations.
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U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.
Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.
Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.