Fort Worth, Texas-based W.L. Plastics Corp. has acquired the polyethylene pipe extrusion assets of Charter Plastics Inc. in Titusville, Pa.
The deal lets W.L. Plastics follow a strategy to diversify its product offerings, expand its customer base and enter new regional markets.
Founded in 2000, W.L. Plastics ranks 11th among North American pipe, profile and tubing extruders with estimated sales of $410 million, according to Plastics News' latest ranking.
W.L. Plastics serves the marine, industrial, plumbing, municipal water and sewer, irrigation, gas and oil gathering/mining and gas distribution markets with high density PE pipe.
The Titusville site and assets have the capability to produce a broad range of PE pipe for the same applications and end markets.
"We are delighted to bring such an established and well-positioned asset kit into the broader manufacturing base of W.L. Plastics," W.L. Plastics CEO Mark Wason said in a news release. "We are excited to be a part of the Titusville community."
W.L. Plastics is a wholly owned subsidiary of Ineos USA LLC, which does business as Ineos Olefins & Polymers USA and is part of the Ineos Group, a manufacturer of petrochemicals, specialty chemicals, and oil products.