NEWS
Aliaxis buys Silver-Line in USA
Belgium-based pipe manufacturer Aliaxis – and its North American subsidiary Ipex – are to acquire US-based pipe maker Silver-Line Plastics. The sale is subject to
regulatory approval. Both parties agreed not to disclose the sale price or terms of the deal – and expect the transaction to be complete during September. “Consistent with our
strategy, this acquisition strengthens our leadership position in North America, expands our footprint and reinforces our value propo- sition in the USA,” said Lau- rent Lenoir, CEO of Aliaxis. The company added
that Silver-Line has a strong reputation for being customer focused and supplying high quality products. �
www.aliaxis.com
Eurocell boosts output and raises sales by 10%
UK-based profiles manufac- turer Eurocell has posted a sales growth of 10% for the first half of 2019. It reported sales of more than £136m (US$162m) for the period – a ‘like for like’ increase that excludes acquisitions and new branch openings. Actual growth was 15%, said the company. Profitability, in the form of
EBITDA, rose by 4% to nearly £15m (US$18m). “We have delivered another period of strong sales growth, albeit against weaker comparatives after bad weather in the early part of 2018,” said Mark Kelly, CEO of Eurocell. “Higher EBITDA includes the benefit of selling price increases and continued growth in our use of recycled material.” Production increased by
around 14% in the period, as the company made
Kelly: “Higher profits from selling price increases and continued growth in our use of recycled material”
around 26,600 tonnes of rigid and foam PVC profiles. This fulfilled increased orders and helped Eurocell to increase stock holding at its branches, in order to improve availability. This year, Eurocell plans to boost co-extrusion capacity by 30% (with five new lines) and foam capacity by 15% (with three new lines).
“We are on track with these investments, with four of the new lines now in service and the remainder on schedule to be commis- sioned by the end of Q3,” said Kelly. The company used 6,400 tonnes of recycled PVC in co-extruded rigid profiles in the first half of the year, representing 22% of overall material consumption. This compared with 4,300 tonnes (17% of the total) in the same period in 2018. This increase was possible thanks to an expansion of its Ecoplas recycling facility and by investing in new tooling that allows more recyclate to be used. Eurocell expects to invest around £2.5m (US$3m) in 2019 – leading to a 3,000 tonnes/year increase in the use of recycled material this year. �
www.eurocell.co.uk
Pexco makes more extrusion acquisitions
US-based Pexco further expanded its speciality extruder operations during August with two acquisitions. Firstly, it has bought Pennsylvania- based HPE Extrusion Solutions, a manufacturer of custom profile, tube, and rod extrusions. The company was founded in 1972 Sam Patel, CEO of Pexco, said:
“HPE’s competencies blend very well with Pexco’s long-term strategy – to enhance our capabilities as a premier custom extruder through ongoing product and process innovation.” Pexco has also acquired American Extruded Plastics (AEP) – and its sister
www.pipeandprofile.com
company American Injection Molding (AIM). The two companies operate out of a single facility in Greensboro, North Carolina.
AEP has operated since 1984, AIM since 1993. The companies supply custom tube, pipe and profile extru- sion to customers in the life sciences and diagnostics, telecommunications, agriculture, automotive, construction, consumer goods and packaging industries.
Marshall Eakes, the owner of AEP
and AMI, said: “Pexco’s reputation, scale, and well-established history in
custom extrusion creates an excellent partnership for our organisation and for our customers, providing an outstanding platform for strategic future growth.” Pexco’s Patel added: “The addition
of moulded plastics to our existing base of core competencies aligns well with our ongoing desire to broaden Pexco’s overall value proposition.” Since last year, Pexco has been owned by private equity group AEA Investors. These two acquisitions are the fourth and fifth it has made in this time. �
www.pexco.com
September 2019 | PIPE & PROFILE EXTRUSION 5
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