Manufacturing Industry
EAGLE GETS LAMSON PIPE, CONDEA PVC UNITS.(Eagle Pacific Industries)(Company Business and Marketing)
Plastics News, December, 1998 by Codling, Phyllis A.
Eagle Pacific Industries Inc. announced Dec. 14 it will buy Lamson & Sessions' PVC pipe business for about $58 million. But some observers say the bigger news is a deal, announced the same day, between Minneapolis-based Eagle Pacific and Condea Vista Co., a Houston-based PVC resin producer.
Vista is trading its PVC resin plant in Oklahoma City for a major equity stake in Eagle Pacific. Vista long has been a supplier of Lamson's neighboring Oklahoma plant. That plant, as well as Lamson's pipe plants in Pennsylvania, Florida and California, now belong to Eagle Pacific. The merger gives Eagle Pacific the capacity to produce as much as 450 million pounds of PVC resin a year. Eagle Pacific will consume about 330 million pounds of Vista's resin in 1999, with the...
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