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Drossbach’s machines and customer book will transfer to the company
Austrian pipe producer Pipelife International has acquired the European PVC pipe business of Germany’s Drossbach for an undisclosed sum.
The deal includes machinery from Drossbach’s Rain am Lech plant and the European customer book. Guillaume Bucco, chief operating officer for Pipelife’s west region, said production lines will be moved to sites at Bad Zwischenahn in Germany and Flevolaan in the Netherlands. Drossbach will retain its machinery manufacture and PE/PP pipe production businesses. No staff will transfer to Pipelife. Bucco said the acquisition will reinforce Pipelife’s lead in the market for agricultural drainage pipe, as well as bring additional business in road drainage products. Pipelife is a joint venture between Solvay and Wienerberger. It is one of the world’s leading plastic pipe manufacturers with sales of E566m last year. Source: PRW.com Previous news |
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