Ameron Buys into Brazil

Ameron International Corporation has completed the acquisition of Polyplaster, a privately-owned, fiberglass-pipe manufacturer in Betim, Brazil, near Belo Horizonte. Polyplaster primarily supplies polyester, fiberglass-pipe systems to the water, wastewater and industrial markets in Brazil. Ameron sees the acquisition as providing a solid base for an expansion program in South America. It also plans to construct two new plants in Betim in the near future and intends to serve all South American markets from Brazil. “The demand for epoxy fiberglass pipe in South America is strong, and the company expects to significantly enhance its competitive position in South America with these investments,” says Ameron. Terms were not disclosed. Ameron is a multinational manufacturer of highly-engineered products and materials for the chemical, industrial, energy, transportation and infrastructure markets. It is listed on NYSE.