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Acquisition expands Milliken’s fiber-reinforced polymer business, helps serve the growing oil and gas infrastructure repair market.
The company announced the acquisition of the assets of Pipe Wrap, Inc., by its subsidiary Milliken Infrastructure Solutions, LLC. Pipe Wrap is one of the leaders in the design and construction of composite materials for pipe repairs, providing custom solutions for structural reinforcement, leak repair, and corrosion prevention.
The acquisition is the latest in the expansion of the company’s fiber-reinforced polymer business, serving both steel and concrete structures.
Pipe Wrap is headquartered in Houston, Texas and has operations in Denver, Colorado. Its two U.S. patents, with four pending, add to Milliken’s patent collection, one of the largest held by a private company. “Pipe Wrap began in 1998 as an idea for a quick-fix pipe repair kit. It’s exciting to see it has grown into a leading business that is now part of a great company like Milliken,” said Pipe Wrap CEO Genevieve Withers. “Pipe Wrap complements Milliken’s approach as an innovative solutions provider benefiting the oil and gas industry, as well as other infrastructure markets.”
For Milliken Infrastructure Solutions, the announcement follows the June 2014 acquisition of the assets of Edge Structural Composites, Inc., which produces strengthening systems for structural upgrades, corrosion repairs, seismic strengthening, and other applications. Milliken Infrastructure Solutions’ products include Concrete Cloth fabric, MaxCell innerduct, Geopolymers, along with additional innovative approaches to strengthening structures.
More information: www.milliken.com
Composite materials are favored in harsh environments such as the ones that can be found in the Pipes & Tanks industry encounters because of their unique resistance abilities and low weight....