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Future Pipe Industries Group (FPIG), as part of the execution of its global growth strategy, has acquired 100% of the fibreglass reinforced pipe business, Specialty Plastics (SPI) from ITT Exelis.
SPI, based in Baton Rouge, Louisiana, USA, is a supplier of fibreglass pipes and systems for offshore platforms and marine vessels. The takeover is a strategic addition to FPIG’s composite pipe business and adds a significant new offering to its already extensive product range extending FPIG’s global capabilities in the offshore rig and floating production and storage of oil market.
The acquisition of Specialty Plastics is a strategic fit to FPIG that will complement its product offerings, geographical reach and customer sectors. SPI's solutions, people and expertise will extend our ability to deliver competitive services particularly in the Americas and continue to strengthen FPIG as a leading global provider of composite pipe systems.
More information: www.futurepipe.com