Eagle Pacific Industries is Working to Acquire Pacific Western Extruded Plastics Company
When the acquisition is complete, Eagle Pacific and PWPipe will be the largest producer of polyvinyl chloride (PVC) pipe in the western United States, the second largest manufacturer of PVC pipe in the United States and the largest merchant buyer of PVC resin in the United States.
"The acquisition of PWPipe will reaffirm our strategy of targeted growth and our determination to continue to be an industry leader. In the last five years the two companies have spent approximately $45 million in capital improvements to become low-cost, efficient producers and both are currently reaping the benefits of those expenditures. The addition of the PWPipe management group will add significant experience and depth to our management team while the combination of these two strong businesses will position the company for continued growth and profitability in the future," Eagle Pacific Chief Executive Officer William H. Spell commented.
The purchase agreement is still subject to certain governmental approvals and financing. Eagle Pacific expects to meet both conditions in the next 45 days. Closing of the transaction is subject to certain regulatory consents, obtaining satisfactory financing and other conditions.
Eagle Pacific operates three manufacturing facilities located in Hastings, NE, Hillsboro, OR, and West Jordan, UT. PWPipe operates six manufacturing facilities located in Tacoma and Sunnyside, WA, Eugene, OR, and Cameron Park, Visalia and Perris, CA. The products of the combined companies include plastic pipe and tubing for agricultural and turf irrigation, water wells and municipal water distribution, drainage and sewers, commercial and industrial plumbing, natural gas and water wells, electrical conduit and fiber optic/electronic/telephone lines.