PIE-TICKER
Complete takeover of Pannonpipe JV by Pipelife
Pipelife International GmbH (www.pipelife.com), Wiener Neudorf / Austria, a joint venture of Wienerberger and Solvay, is now to acquire the shares in the Pannonpipe joint venture that the Austrian company has been operating with Pannonplast since 1990. Also included in the agreement, which was signed on 4 August 2005, is Pannonpipe's subsidiary, Pipelife Romania. Pipelife's spokesman Alexander Leutner did not disclose the purchase price. The two companies, with a total of 300 employees, posted sales in 2004 of EUR 39m.
17.08.2005 Plasteurope.com [10688]
Published on 17.08.2005