Under an agreement announced late last month, Rialto, Calif.-based Thompson Pipe Group will acquire the concrete and steel pressure pipe assets of U.S. Pipe, a division of concrete drainage products leader Forterra Inc., Irving, Texas. In exchange for five pressure pipe plants and a fittings facility, the latter will receive $23.2 million in cash plus Thompson’s Conroe, Texas, concrete drainage pipe and products operation.
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Thompson Pipe, Forterra swap gravity, pressure pipe assets
Sources: Thompson Pipe Group, Rialto, Calif.; Forterra Inc., Irving, Texas
Under a late-June agreement, Thompson Pipe will acquire the concrete and steel pressure pipe assets of U.S. Pipe, a division of concrete drainage products leader Forterra. In exchange for five pressure pipe plants and a fittings facility, the latter will receive $23.2 million in cash plus Thompson’s Conroe, Texas, concrete drainage pipe and products operation.
Read MoreHanson Pressure Pipe hits road, educational exhibit in tow
Source: Hanson Pressure Pipe, Grand Prairie, Texas
A loaded, 25-ft. demonstration trailer offers public works managers, engineers, and contractors a close look at American Water Works Association C-303 bar-wrapped concrete cylinder pipe, an established product in the Southwest and West now gaining traction in other regions.
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