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 Construction, Mergers & Acquisitions, Pipe/Profile/Tubing, Extrusion

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

ADS launches public trading on NYSE

July 25, 2014 10:41 am ET

Advanced Drainage Systems, the world's largest producer of thermoplastic corrugated pipe, made its debut on the New York Stock Exchange today with 14....    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC,...    More

Image

Intek investing $1 million to expand capacity

July 23, 2014 1:59 pm ET

Custom profile extruder Intek Plastics Inc. has invested more than $1 million to expand its production capacity by 17 percent.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events