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Pipelife acquires minority shares in the Czech and Slovak Republic
On October 20th, 2003, Pipelife and Aliachem have signed an agreement to transfer the 33,3% shares in Pipelife-Fatra s.r.o, Czech Republic, and Pipelife-Fatra Slovakia s.r.o. owned by Aliachem to Pipelife. With the acquisition of these shares, the Pipelife Group now owns 100% of both activities.

The acquisition is in line with Pipelife’s strategy to further develop its leading position in Eastern Europe. The full ownership of Pipelife will allow the group to utilize all potential group synergies in these two countries. The combined activities achieved sales of 15,3mEUR and employed 110 employees in 2002.

The Pipelife Group is one of the leading producers of quality Pipes and Fittings with activities in 26 countries. The Pipelife Group, which has its headquarters in Vienna, Austria, achieved net sales of 610mEUR and employed 2700 employees in 2002.

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Pipelife International GmbH
Triester Strasse 14
2351 Wr. Neudorf / Austria

tel: +43.2236.43939-0
fax: +43.2236.43939-6

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