TPI July 2013

business & market news

FPIG acquires SPI Future Pipe Industries Group (FPIG), as part of the execution of its global growth strategy, has acquired 100 per cent of the fibreglass reinforced pipe business Specialty Plastics, Inc (SPI) from ITT Exelis.

Manufacturing

Distribution

particularly in the Americas, and continue to strengthen FPIG as a leading global provider of composite pipe systems. “The acquisition of SPI is in line with our strategy of organic growth coupled with the acquisition of other complementary businesses which have prominence and demonstrated technical excellence in their own markets. The acquisition of SPI will further enhance our existing manufacturing and sales operations in the US and expand our reach within the oil and gas sector.” Future Pipe Industries Group offers a complete product range and solutions to complex engineering projects for a wide variety of applications in the oil and gas, marine, industrial, and infrastructure sectors. The company currently operates nine factories around the world, and serves more than 300 major customers in over 50 countries.

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SPI, based in Baton Rouge, Louisiana, USA, is a supplier of fibreglass pipes and systems for offshore platforms and marine vessels. The takeover is a strategic addition to FPIG’s composite pipe business and adds a significant new offering to its already extensive product range, extending FPIG’s global capabilities in the offshore rig and floating production and storage of oil (FPSO) market. “We are excited about this new opportunity,” said Fouad Makhzoumi, chairman and CEO of Future Pipe Industries Group. “The acquisition of Specialty Plastics, Inc is a strategic fit to FPIG that will complement its product offerings, geographical reach and customer sectors. SPI’s solutions, people and expertise will extend our ability to deliver competitive services,

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Future Pipe Industries Group – United Arab Emirates www.futurepipe.com

Baker Sales names new CEO Robert A Baker, president and founder of Baker Sales, Inc (BSI), a regional distributor of steel pipe, has announced that Nathalie A Bordelon has been appointed as chief operating officer. Ms Bordelon was previously the company’s chief financial officer, and will continue to head the finance department. Ms Bordelon will assume responsibility for day-to-day operations and the responsibilities for developing strategic directions. positions from finance to sales and marketing for such companies as IBM, Schlumberger and Cushman Wakefield, as well as a successful privately owned company before joining BSI. She attended Southeastern Louisiana University, and is currently a member of the American Red Cross, National Association of Professional Women, ABC-Pelican Chapter, ABC-Bayou Chapter and USA Dance.

Robert A Baker is also president and owner of Baker Sales Panama, LLC. As president of Baker Sales, Inc, he was selected by the US Small Business Administration as the 2009 Small Business Person of the Year for the State of Louisiana, and received the East St Tammany Chamber of Commerce Community Involvement Small Business of the Year award in 2012.

Mr Baker commented, “Ms Bordelon is a seasoned and trusted leader who consistently delivers results. She is uniquely qualified to drive strategic prioritisation and accountability within BSI, with a laser-focus on operational excellence. Ms Bordelon has the ability to align BSI with industry-leading operational practices to drive and extend the next generation of BSI market.”

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Baker Sales Inc – USA sales@bakersalespipe.com www.bakersalespipe.com

Prior to her appointment Ms Bordelon held various senior management

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July 2013 Tube Products International