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

Onex buying packaging group SIG Combibloc

November 24, 2014 9:05 am ET

ex Corp. will buy SIG Combibloc Group, the Switzerland-based manufacturer of aseptic carton packaging and plastics closures from New Zealand's Rank...    More

Image

Residents ask court to close pipe maker

November 21, 2014 3:22 pm ET

Residents living by National Pipe & Plastics Inc.'s new factory in an industrial zone of Endicott, N.Y., say the facility has “devastated the...    More

Image

Coveris changes culture, eyes IPO

November 20, 2014 1:40 pm ET

CEO Gary Masse has a simple message, and some new math, for everyone at Coveris Holdings Corp. Get on board or get out of the way.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Image

Vinyl records refuse to fade out

November 18, 2014 3:37 pm ET

The recording industry is taking vinyl for a spin. Again. Twenty-five years ago when Plastics News was ramping up printing presses, record presses we...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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 Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events