GF Piping Systems, a division of GF, announces today the acquisition of PT Eurapipe Solutions Indonesia. It offers a unique platform for further growth in this important country.
PT Eurapipe has a strong reputation as high-quality producer of pipes and fittings made from Polyethylene (PE). The company, located in Karawang, 80 kilometers east of Jakarta, holds a leading position in the mining business and other water related market segments. The acquisition strengthens GF Piping Systems’ position in South East Asia in line with the strategy of the division to expand in growth markets.
PT Eurapipe Solutions Indonesia was founded in 1992, became part of Tyco and thereafter Pentair. In early 2015 it was transferred to an Australia-based private equity fund. PT Eurapipe generated in 2015 sales of about USD 20 million with a workforce of approximately 100 people. GF acquired 100 percent of the outstanding shares and will rename the company GF Indonesia after taking ownership. The parties have agreed not to disclose financial details of the transaction.
“We are pleased to welcome PT Eurapipe in the GF family”, says Yves Serra, CEO of GF. “We look forward to continuing to serve existing customers and partners to the same high standards. We will further expand the company in Indonesia and in the region, working together with the entire team of PT Eurapipe.”
GF Piping Systems is a leading supplier of piping systems made of plastics and metal. The division focuses on system solutions and high-quality components for the safe transport of water, gas and chemicals in the industry, utility and building technology sectors. Its product range includes pipes, fittings, valves, sensors and automation as well as jointing technologies and covers all water cycle applications. The division operates worldwide more than 30 production facilities, and supports its customers in over 100 countries through its own sales companies and representative offices.
Source: Georg Fischer
The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.
Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.
Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.
