Acquisition of a stake in Urecon in Canada / Takeover of commercial and operative management
GF Piping Systems has acquired 49% of the shares, for an undisclosed sum, in Urecon (Coteau-du-Lac, Quebec / Canada;, a specialist for pre-insulated pipe systems for freeze prevention and centrally chilled water. The pipe division of Georg Fischer (GF, Schaffhausen / Switzerland; is also taking over commercial and operative management of the Canadian company, which pre-insulates pipes using rigid PU foams.

In addition, it was agreed upon that GF would acquire the remaining shares in 24 months, at the earliest, after completion of the transaction. With this acquisition, GF Piping Systems is strengthening its presence in North America and accelerating the introduction of its pre-insulated piping systems for cooling and air conditioning.

Urecon was founded in 1969 and generated revenues of about CAD 27m (EUR 18.4m) in 2016. The company has about 100 employees and two production sites in Canada at Coteau-du-Lac and Calmar, Alberta.
24.08.2017 [237700-0]
Published on 24.08.2017
GF Piping Systems: Erwerb einer Beteiligung an Urecon in KanadaGerman version of this article...

© 2001-2024  |  Imprint  |  Privacy  |  Cookie settings is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by, Bad Homburg
Date of print: 15.04.2024 18:51:48   (Ref: 675044823)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: