Northwest Pipe Company acquired Ameron Water Transmission Group LLC for $38.3 million. Northwest Pipe Company, Vancouver, Wash., is the largest manufacturer of engineered, welded steel pipeline systems in North America. With strategically located manufacturing facilities, the company serves a wide range of markets, providing solution-based products for water transmission, plant piping, tunnels, river crossings and other applications, to meet the growing needs for water and wastewater infrastructure.
Headquartered in Rancho Cucamonga, Calif., and formerly part of National Oilwell Varco Inc., Ameron has pipe operations in California, Colorado and Mexico, and a protective lining facility in Brea, Calif. The company had approximately $57 million in net sales in 2017.
In addition to expanding Northwest Pipe’s footprint in a key water transmission pipe market, this acquisition adds bar-wrapped concrete cylinder pipe; reinforced concrete pipe; and T-Lock, a proprietary PVC lining for concrete pipe sewer applications, to the company’s product portfolio.
“The acquisition of Ameron is the next step in our multi-year transformation to grow our business into a pure-play water company, by building upon our strengths … and consolidating two companies with proud histories in the water transmission business,” said Scott Montross, president and CEO of Northwest Pipe Company. “The acquisition creates a larger, stronger company better positioned to meet existing customer needs with an expanded product offering and … to meet the increased demand we expect in our markets in the next few years.”
FOR MORE INFORMATION
Northwest Pipe Company, (800) 989-963, nwpipe.com