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Vallourec enhances line pipe coating solutions with new acquisition in Brazil-彈簧展-2025第二十五屆廣州國(guó)際彈簧工業(yè)展覽會(huì)--巨浪展覽-Spring Industry Exhibition -The 25th China(Guangzhou)Int'l Spring Industry Exhibition
9/19/2024 彈簧展 - Spring Industry Exhibition |
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France-based pipe manufacturer Vallourec has announced that it has entered into a definitive agreement to acquire Thermotite doBrasil Ltda., a thermal insulation pipe coating services provider for the offshore oil and gas industry, from Canada-based Mattr forUS$17.5 million.
Thermotite is located within Vallourec''s existing coating services premises in Serra, Esperito Santo State, Brazil. This acquisitionwill enhance Vallourec''s line pipe coating solutions and reinforce its presence across the industry value chain.
"This acquisition is a further step forward in our strategy to provide premium integrated solutions for the most challenging ofshoreprojects. Thermotite''s expertise perfectly complements our existing portfolio of anticorrosion coating solutions, allowing us to offeour customers more complete and tailored ine pipe solutions. By strengthening our presence in Brazil., a key market for theofshore industry, we are well positioned to capitalize on the growing demand for premium tubular solutions both in the domestimarket and in high-value export markets," Philippe Guillemot, CEO of Vallourec, said.
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