Contact Information: For more information, contact: Brian W. Dunham 360.397.6250 Stuart Paterson Northwest Pipe Asia Pte. Ltd. Singapore tel +65 65497154
Northwest Pipe Company Announces Byard Acquisition
| Source: Northwest Pipe Company
VANCOUVER, WA--(Marketwire - February 4, 2009) - Northwest Pipe Company (NASDAQ : NWPX )
announced today that Northwest Pipe Asia Pte. Ltd. has recently completed
the acquisition of Byard Ltd., a UK company. Northwest Pipe Asia Pte. Ltd.,
based in Singapore, is a newly established majority-owned subsidiary of
Northwest Pipe Company.
Byard is a leading designer and manufacturer of spiral pipe mills, with
over fifty installations of mills in many of the world's leading spiral
pipe facilities, including seven in Northwest Pipe Company itself. It is
currently installing a state-of-the-art Byard Spiral Mill in Northwest
Pipe's Adelanto, California facility and will shortly deliver an additional
Byard Mill for installation in one of Northwest Pipe's other facilities.
These two mills will increase the range and capacity of Northwest Pipe
Company's facilities.
"We are very pleased with the establishment of our new subsidiary in
Singapore and its acquisition. Byard designs and manufactures excellent
equipment and will enable us to continue our strategy of improving our
manufacturing technology, efficiency and capacity and will strengthen our
group's in-house capabilities," said Brian W. Dunham, President and Chief
Executive Officer of Northwest Pipe Company. "This transaction continues
our strategy of seeking opportunities in many of the high growth markets
outside of North America. We believe Byard's network will help us develop
both commercial and investment opportunities in Asia, including the
development of water, oil/gas and structural pipe projects. "
Northwest Pipe Asia Pte. Ltd. will be responsible for the management of
Northwest Pipe Company's operations in Asia. "We are delighted to be part
of a very progressive group," says Stuart Paterson, director of Northwest
Pipe Asia Pte. Ltd. "We plan to develop a significant presence, through
mill sales and investment, in this rapidly expanding region and build on
our combined strengths. To illustrate, we are currently installing a new
Byard API Mill for Steel Pipe Industry of Indonesia -- one of Asia's
leading spiral pipe manufacturers."
Northwest Pipe Company manufactures welded steel pipe and other products in
two business segments. Its Water Transmission Group is a leading supplier
of large diameter, high-pressure steel pipe products that are used
primarily for water infrastructure in North America. Its Tubular Products
Group manufactures smaller diameter steel pipe for a wide range of
construction, agricultural, energy, industrial and mechanical applications.
The Company is headquartered in Vancouver, Washington and has ten
manufacturing facilities across the United States and Mexico.