Australian polyethylene pipe maker sold

By Kate Tilley
Correspondent

Published: May 8, 2013 12:41 pm ET
Updated: May 8, 2013 12:44 pm ET

Related to this story

Topics Mergers & Acquisitions Construction Extrusion Pipe/Profile/Tubing
Companies & Associations

BRISBANE, AUSTRALIA — An Australian polyethylene pipe and fittings manufacturer that went into voluntary administration after a slowdown in the mining services industry has been split up and sold to two Australian companies for a total of A$18 million (US$18.5 million).

Brisbane-based PPI Corp. Pty. Ltd. made PE pipes and fittings; hoses and garden products; and irrigation, drainage and filtration systems. Its principal brand names are PPI and Neta.

In 2008, PPI established a mining, industrial and civil division to target the then-burgeoning coal-seam gas and mining sectors. PE and PVC pipe, fittings and underground ventilation systems producer David Moss Group Pty. Ltd. of Wanneroo bought the division and the PPI brand in Australia.

Melbourne-based metal manufacturing, distribution and marketing company Lansell Group Pty. Ltd. bought PPI Corp.’s Neta brand, which specializes in gardening products, and its associated wholesale and irrigation businesses. The business will trade as Neta Industries Pty. Ltd.

PPI Corp. operated three Australian PE pipe factories and one in New Zealand.

The firm filed for voluntary administration in January.

A separate PPI Corp. company in New Zealand also went into liquidation in January. Its PPI brand and a majority of its assets were sold in December to Auckland-based plastic pipe maker Waters & Farr Ltd., which named the business Aquapipe NZ Ltd.


Comments

Australian polyethylene pipe maker sold

By Kate Tilley
Correspondent

Published: May 8, 2013 12:41 pm ET
Updated: May 8, 2013 12:44 pm ET

Post Your Comments


Back to story


More stories

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Caplugs gets new private equity owner

April 16, 2015 11:17 am ET

Caplugs, a major producer of caps, plugs, tubing, netting and other protective goods for industry, has a new owner.    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events