Spain-based PVC pipe manufacturer Molecor (Madrid; www.molecor.com) has completed its acquisition of the production facility of fellow Spanish pipe producer Uralita Sistemas de Tuberias, formerly Adequa.

Molecor said the deal, terms of which were not disclosed, would triple its estimated EUR 34m annual turnover in Spain, and that by buying Adequa it would be adding three manufacturing centres to its existing two facilities, thus bolstering its product portfolio with piping for construction, drainage and sanitation markets.

Molecor uses its own stretching process called “molecular orientation”, which aligns the polymer molecules in the same direction as the piping is being stretched, to strengthen its products. Last year, private equity fund MCH (Madrid; www.mch.es) bought a majority stake in Molecor for an unspecified sum (see Plasteurope.com of 03.09.2020).