Ohio, US-based civil engineering company CONTECH Construction Products Inc. has announced the acquisition of Plastream Pipe Technologies Pty Ltd, a company based in Adelaide, Australia.
According to a CONTECH press release, Plastream is the exclusive, worldwide licensee of Plastream® technology for the production of proprietary steel reinforced high density polyethylene pipe. This technology is currently used and marketed by CONTECH in the US and Canada under the DuroMaxx® brand.
Ron Keating, president and chief executive officer of CONTECH, said, "By bringing CONTECH's considerable sales and marketing expertise and presence in the marketplace, together with the proven products and technology of Plastream, we believe that we have significant opportunities to grow and expand the Plastream business."