Thermoplastic valve and pipe manufacturer Asahi/America Inc. has acquired Louisiana-based fabrication shop Performance Plastics Inc. The purchase will aid Asahi/America in expanding its existing fabrication capabilities and capacity, as well as broaden its engineered plastic products and services offering.
In addition to a fully-equipped workshop for thermoplastic fabrication, Performance Plastics provides a range of project planning services that will complement Asahi/America’s products and training programmes.
“Asahi/America has had a close relationship with Performance Plastics over the last 10 years. We recognise that our customers need more from their materials supplier. They also require value-added services in today’s fast-paced industrial and commercial markets. This strategic acquisition will enable Asahi/America to be a stronger partner to our distribution network, as well as the construction trades,” said Daniel S. Anderson, Asahi/America’s President and Chief Executive Officer.
“We’re very excited to become part of the Asahi/America family. This acquisition will provide synergy and excellent growth opportunity for our employees, as well as allowing our customers to continue to receive the service level and expertise they have come to expect from Performance Plastics,” said Jason Roussel, President of Performance Plastics.
The transaction was completed 1 October and, effective 2 October, the Louisiana facility will operate as Asahi/America Inc. – PPI division.
Read the article online at: https://www.hydrocarbonengineering.com/refining/10102018/asahiamerica-inc-acquires-performance-plastics-inc/
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