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

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

Plastic products win Best of IBS awards

January 30, 2015 1:36 pm ET

LAS VEGAS — A year ago, inventor Jeremy Smith of Utah took his idea for an electrical outlet cover plate with LED lights on the bottom edge to...    More

Image

French investment firm buys Alabama-based CSP Technologies

January 30, 2015 1:10 pm ET

A French investment firm has finalized a deal to buy CSP Technologies Inc., an Auburn, Ala., company that makes specialty plastics packaging.    More

Image

Lubrizol buys Brazil-based coatings technology manufacturer

January 30, 2015 11:50 am ET

Specialty chemicals company Lubrizol Corp. of Wickliffe, Ohio, said it has acquired a Brazilian company that makes coatings technology for products...    More

Image

LG Hausys pulls out of Russian PVC profile market

January 30, 2015 11:17 am ET

LG Hausys Ltd., the building and decorative materials offshoot of South Korean giant LG Chemical Ltd., is pulling out of PVC window profile...    More

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

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

Upcoming Plastics News Events

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

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events