Pipe-maker PPI acquisition complete

 

David Moss Group has completed its acquisition of PPI Corporation for an undisclosed sum.

The West Australian reports that DMG will now be the third-biggest maker of polyethelene pipe and fittings in the country.

"PPI is a well recognised brand on the Eastern Seaboard and presented the ideal opportunity to open up new markets within the burgeoning coal seam gas, mining and infrastructure sectors," DMG’s CEO Shane Maraldo said.

Queensland-based PPI was put in administration in mid-January this year. A creditor’s meeting held later in January heard administrator PPB Advisory say that there had been a flood of interest in the company, with 32 parties had registering their interest in acquiring PPB.

 

Image: gs-press.com.au