Northwest Pipe Co. Acquires Permalok Corp.
April 2, 2014
Northwest Pipe Co. recently announced that it acquired Permalok Corp., a fabricator of steel piping using the Permalok patented interlocking pipe joining system.
Permalok’s interlocking pipe joining system complements and expands Northwest Pipe Co.’s offerings by providing alternate joint solutions to their already comprehensive product line. The acquisition also strengthens Northwest Pipe Co.’s Water Transmission business with Permalok’s rolled and welded steel pipe products currently being used in trenchless applications. Northwest Pipe Co. sees opportunities to expand in other segments such as structural pipe, industrial and the water transmission business.
“With the acquisition of Permalok, we are positioned to better serve our customer requirements with an expanded product offering,” said Northwest Pipe president and CEO Scott Montross. “Furthermore, we feel the Permalok product has a wider market potential by offering a lower cost solution compared to existing products.”
The Permalok team will continue to operate out of its St. Louis, Mo., and Salt Lake City, Utah, manufacturing locations and will be doing business as Permalok Corp, a Northwest Pipe Company.