Thompson Pipe Group to Acquire U.S. Pipe Assets
Thompson Pipe Group has entered into a definitive agreement to acquire the concrete and steel pressure pipe assets of U.S. Pipe, a division of Forterra. The new entity will operate under the name Thompson Pipe Group and provide the water and wastewater infrastructure, power, and industrial markets with various pressure and gravity pipe product solutions for open-cut and trenchless installations.
“We are excited about the opportunity to take one company’s non-core asset, especially the people, and provide the focus and discipline to turn this business around,” says Thompson Pipe Group CEO, Ken D. Thompson. “My father started this company as a small private underground utility contractor in 1972. As we grew into large public works projects, we gained experience installing the very products that we now produce. We know what it takes to be the best construction partners for trenchless, drainage, water and wastewater owners, engineers, and contractors.”
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