TPT November 2013

Industry News

Future Pipe acquires Protesa FUTURE Pipe Industries Group (FPIG), as part of its global growth strategy, has acquired 100 per cent of the fibreglass pipe manufacturing business Protecciones Plasticas, SAU, which will continue under the trading name Protesa. ment plants, water supply networks, transmission lines, irrigation networks, purification plants, power plants, desalination plants and fire protection systems.

Future Pipe Industries Group – UAE Website: www.futurepipe.com Protesa – Spain Email: info@protesa.es Website: www.protesapipes.com

Protesa has headquarters in Barcelona, Spain, with facilities in Zaragoza, Spain; Pune, India; and Jorf Lasfar, Morocco. The takeover is a major strategic addition to FPIG’s composite pipe business, and adds to its ability to service clients particularly in the water, desalination, industrial and infrastructure sectors in Europe, North West Africa and Latin America, as well as providing FPIG with its first manufacturing facility in India. “This acquisition marks an important step in our strategy to diversify outside of our core market in the GCC [Gulf Cooperation Council],” said Fouad Makhzoumi, chairman and CEO of Future Pipe Industries Group. “Protesa has been manufacturing GRP (glass fibre reinforced polyester) composite pipe systems for over 50 years and is one of the leaders in its field, with a strong network of clients across Europe, North Africa and globally.” “We are therefore very pleased to have been able to conclude this acquisition and are excited about the potential it brings to our growing group of companies, particularly as it significantly increases our ability to service our clients from a dedicated GRP facility in Europe.” Future Pipe Industries Group, established in 1984, 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 group operates nine factories around the world, and serves more than 300 major customers in over 50 countries. Protesa was founded in 1959 with the aim of researching, designing, producing, marketing and installing GRP pipes and fittings. The company is active in sectors that require advanced technological solutions, such as those involving sewage networks, wastewater treat-

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N ovember 2013

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04-03-13 09:44