British firm buys Pipe Coil

By Bill Bregar
Senior Staff Reporter

Published: October 15, 2013 2:47 pm ET
Updated: October 15, 2013 2:53 pm ET

Related to this story

Topics Mergers & Acquisitions, Machinery, K 2013, Business News & Features

DÜSSELDORF, GERMANY — Reece Group Ltd., a British holding company that has businesses in defense and road construction, and diversified into the energy sector in 2012, has made another move in that direction by purchasing Pipe Coil Technology Ltd., based in Newcastle, England.

Pipe Coil Technology (Hall 11/B64) is exhibiting at K 2013 in Düsseldorf.

Pipe Coil Technology makes automated coiling, packaging and handling equipment for flexible pipe and tubing, conduit and hose. Applications include pipe for gas, water, sewer, plumbing and drainage; tubing for irrigation, medical and automotive; garden and industrial hose; and electrical conduit.

In 2010, PCT opened a factory in Highland Heights, Ohio, near Cleveland, to meet demand for high-speed coiling of high density polyethylene pipe in the booming U.S. shale drilling sector for oil and natural gas.

Pipe Coil Technology employs 40 people and generates sales of more than £6 million.

After the acquisition, Reece Group, also based in Newcastle, will employ more than 500 people and generate sales of £100 million from its five companies. Terms were not disclosed.

Gordon Fiddes, PCT’s managing director, will remain with the winding-machinery business. “We are looking to working with the Reese Group and taking the business forward, in particular in the export market, where Reece Group has had considerable experience and success,” Fiddes said in a press release announcing the deal on Oct. 8, a week before the K show.

Phil Kite, the Reece Group CEO responsible for acquisitions, said Reece wants to broaden its product scope. “Our goal is to create a more broadly based engineering business which is less dependent on defense, with strength in the oil and gas, construction and subsea markets,” he said in the release.

Over the past 18 months, Reece has purchased three companies. The others are a business that specializes in pothole repair on highways and Responsive Engineering Group, which does contract manufacturing in the energy and undersea markets.

“Pipe Coil Technology adds a third product company to our business, enabling us to explore another new market,” said Reece Group Chairman John Reece.

Reece Group was founded in 1980 by John Reece and his father, Alan Reece, who taught engineering at Newcastle University.


Comments

British firm buys Pipe Coil

By Bill Bregar
Senior Staff Reporter

Published: October 15, 2013 2:47 pm ET
Updated: October 15, 2013 2:53 pm ET

Post Your Comments


Back to story


More stories

Image

W&H buys bigger stake in BSW

January 23, 2015 10:43 am ET

Windmoeller & Hoelscher KG will get more involved in flexible packaging machinery through its bigger stake in machinery maker BSW Machinery Handels-...    More

Image

Esterform buys Constar UK, doubles PET preform capacity

January 23, 2015 10:07 am ET

Constar UK, once part of global packaging firm Constar International Holdings LLC, has a new owner.    More

Image

Dielectric expands capability range with acquisition of Centerline Machine

January 22, 2015 4:00 pm ET

Dielectric Corp. of Menominee Falls, Wis., is expanding its ability to machine a wide range of materials and sizes with the acquisition of Centerline ...    More

Image

Report: Global machinery sales to India continue to fall

January 21, 2015 9:53 am ET

Difficulties in India's manufacturing sector are continuing to hit German plastics and rubber machinery exports, with sales to India down 15 percent...    More

Image

Gerd Liebig returns to Demag business

January 19, 2015 8:33 am ET

UPDATED — Gerd Liebig, the former head marketing manager of Engel Holding GmbH, has been appointed managing director-chief sales officer at Sumi...    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