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Pipelife acquires Westpipe AB

May 2010. We would like to inform you that Pipelife has signed an agreement for acquisition of Westpipe AB in Sweden.

Westpipe is located in Ulricehamn, Sweden, just about 30 km from Pipelifes factories in Ljung and Ölsremma. The company is specialized in sewage, soil, water and cable protection pipe systems and selling in all Nordic countries. Westpipe employs 13 employees and has yearly sales of around SEK 48 million.

The CEO of the Pipelife Group, Niels Rune Solgaard-Nielsen, explained: “This acquisition will further develop Pipelife’s leading market position in Sweden and other Nordic countries and brings another milestone for the strategic development of the Group in Sweden and the other Nordic Markets”.

Peter Andersson, Managing Director of Pipelife Sverige AB, added: “With the acquisition of Westpipe AB, Pipelife is taking over a company with a solid customer base, whose products are perfectly complementing our own product range. Combined with Pipelife’s production know how and market position the synergies are significant and our customers will strongly benefit from this acquisition”.

Kristian Andreasson, Managing Director of West Pipe AB, added: “With the resources of Pipelife we develop the customers total offer and can combine the best market offer for plastic pipes in Sweden.

Pipelife, which is headquartered in Wiener Neudorf, is represented by plants and sales offices in 29 countries. The Pipelife Group generated pro-forma revenues of EUR 699 million in 2009 with approx. 2,450 employees.