|By Marketwired .||
|January 2, 2014 06:00 AM EST||
VANCOUVER, WA -- (Marketwired) -- 01/02/14 -- Northwest Pipe Company (NASDAQ: NWPX) announced today that it has acquired Permalok Corporation, a fabricator of steel piping utilizing the Permalok patented interlocking pipe joining system.
Permalok's interlocking pipe joining system complements and expands Northwest Pipe Company's offerings by providing alternate joint solutions to their already comprehensive product line. The acquisition also strengthens Northwest Pipe Company's Water Transmission business with Permalok's rolled and welded steel pipe products currently being used in trenchless applications. Northwest Pipe Company sees opportunities to expand in other segments such as structural pipe, industrial and the water transmission business.
"With the acquisition of Permalok, we are positioned to better serve our customer requirements with an expanded product offering," said Scott Montross, Northwest Pipe President and CEO. "Furthermore, we feel the Permalok product has a wider market potential by offering a lower cost solution compared to existing products."
The Permalok team will continue to operate out of its St. Louis and Salt Lake City manufacturing locations and will be doing business as Permalok Corp, a Northwest Pipe Company.
About Northwest Pipe Company
Northwest Pipe Company is a leading manufacturer of welded steel pipe and tube products. The Water Transmission Group is the largest manufacturer of engineered steel pipe water systems in North America. With five Water Transmission manufacturing facilities, the Group is positioned to meet North America's growing needs for water and wastewater infrastructure. The Water Transmission Group serves a wide-range of markets and their solution-based products are a perfect fit for applications including: water transmission, plant piping, energy, tunnels, river crossings, structural, industrial and construction. The Tubular Products Group operates three technologically-advanced ERW (Electric Resistance Weld) mill facilities. Tubular Products portfolio serves a wide-range of markets and its quality certified pipe and tube products are good for applications including: oil and gas, structural industrial, fire protection, low pressure and agricultural. The Company is headquartered in Vancouver, Washington and has manufacturing facilities in the United States and Mexico.
For more information, visit www.nwpipe.com.
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