Agreement to buy Norwegian plastic pipe specialist Isoterm / Spending of EUR 200m earmarked for growth in 2018
Austria’s Wienerberger (Vienna; has signed an agreement to acquire Norwegian pipe specialist Isoterm (Ringebu; for an undisclosed sum. The acquisition is expected to close in the third quarter of 2018, subject to certain conditions.

According to Wienerberger, Isoterm is Norway's leading producer of frost-resistant and pre-insulated plastic pipes, which are used for water and waste-water management in remote regions as well as in large-scale industrial and infrastructure projects. The company, which employs 35 people and generated revenues of about EUR 12m in 2017, operates a plant in Ringebu / Norway and a sales office in Stenkullen / Sweden.

Wienerberger's CEO, Heimo Scheuch, said frost resistance of pipes is of particular importance in the Nordic countries, especially to secure supply in remote regions, and the acquisition was another step in driving its plastic pipe business forward. As part of its growth strategy, the Austrian group has allocated spending of EUR 200m in 2018.

Pipelife, a wholly-owned subsidiary of Wienerberg, is one of Europe's leading suppliers of plastic pipes, pipe systems and fittings. It operates two production sites in Norway, at Stathelle and Surnadal, as well as sales offices in Oslo, Trondheim and Bergheim.
09.07.2018 [240104-0]
Published on 09.07.2018
Wienerberger: Kauf des Rohrherstellers IsotermGerman version of this article...

© 2001-2019  |  Imprint  |  Privacy 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 | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by, Bad Homburg
Date of print: 14.11.2019 10:37:17   (Ref: 639219145)
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: