Acquisition of IPP enhances market position

May 22, 2012 7:00 AM

Georg Fischer announced today the acquisition of Independent Pipe Products Inc. (IPP) in Dallas (Texas, USA), the leading US provider of large diameter pipes and fittings in Polyethylene (PE). The acquisition strengthens the leading position of GF Piping Systems in the growing North American water infrastructure market.

Georg Fischer is to acquire 100 percent of the outstanding shares of Independent Pipe Products Inc. (IPP) in Dallas (Texas, USA). 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 polyethylene (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, South Carolina, to serve the growing demand for large diameter PE pipes, up to 1.6 m or 63 inches in diameter. Today, the company generates sales in excess of USD 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 conveyance of liquids and gases in industry, building technology and utility business areas. With over 5,000 employees GF Piping Systems generated sales of about CHF 1.2 billion in 2011 in over 100 countries.

Yves Serra, CEO of Georg Fischer stated: “The acquisition of IPP is a further step towards implementing our strategy. We are proud to welcome IPP in our group. The company has had a great success in supplying large size PE piping systems and ideally complements our offering.”

Ron Hopton-Jones, President and CEO of Independent Pipe Products Inc., said: “Becoming part of the Georg Fischer group of companies is a great strategic fit for IPP and we enter into this relationship with a sense of excitement about the future and confidence in the value that we will add to the Georg Fischer group.”



Georg Fischer – Adding Quality to People’s Lives
GF Piping Systems is one of three companies within the Georg Fischer group and a leading supplier of plastic and metal pipe systems with a global market presence.
Our portfolio offers connection technology, fittings, fixtures, sensors and pipes for the treatment and distribution of water as well as the safe transport of industrial fluids and gases. GF Piping Systems supplies leading innovative technical solutions for domestic engineering applications, the chemical process industry, food & beverage, life sciences, the microelectronics, shipbuilding, energy, water and gas supply industries as well as potable water treatment. Our distributors in more than 25 countries and representatives in a further 80 countries guarantee customer service around the clock. Production facilities in Europe, Asia and the US are customer focused and comply with all local requirements. Georg Fischer’s registered offices have been located in Schaffhausen, Switzerland, since the company was founded in 1802.

Key figures - GF Piping Systems 2011
More than 5’040 employees worldwide (as of 1 March 2012)
1’174 million CHF turnover
137 million CHF EBIT (earnings before interest and taxes)

Further information is available from www.piping.georgfischer.com

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Attila Albert

Attila Albert
Public Relations & Communication
Georg Fischer Piping Systems Ltd.
Ebnatstrasse 111
8201 Schaffhausen
Switzerland

attila dot albert #at# georgfischer dot com

Contact

Georg Fischer Rohrleitungssysteme (Schweiz) AG
Amsler-Laffon-Strasse 9
8201 Schaffhausen
Switzerland

ch dot ps #at# georgfischer dot com