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Georg Fischer acquires Independent Pipe Products  

By Gerald Ondrey |

Georg Fischer (Schaffhausen, Switzerland; www.georgfischer.com) announced today the acquisition of Independent Pipe Products Inc. (IPP; Dallas, Tex.; www.indpipe.net), the leading U.S. provider of large diameter pipes and fittings in Polyethylene (PE). The acquisition strengthens the leading position of GF Piping Systems (www.piping.georgfischer.com) in the growing North American water infrastructure market. Georg Fischer is to acquire 100% of the outstanding shares of IPP, and the closing of the acquisition is anticipated for May 2012. Parties have agreed not to disclose financial details of the transaction. IPP was founded in 1996 as a family run business with a focus on the fabrication of large diameter PE fittings. In 2009 the company successfully expanded its product portfolio to large PE pipes, now offering a complete package for the water distribution market. A year later the company successfully opened a second plant in Abbeville, S.C., to serve the growing demand for large diameter PE pipes, up to 1.6 m (63 in.) in diameter. Today, the company generates sales in excess of $50 million with a workforce of 94 people. GF Piping Systems, a Corporate Group of Georg Fischer, is a global supplier of plastic piping systems for the…
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