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WL Plastics Diversifies Pipe Extrusion Portfolio with Charter Plastics Buy

Image: Alamy/Андрей Дакутько Extruded PE pipes
The companies produce polyethylene pipes for potable water, irrigation, gas, and power and communications applications.

High-density polyethylene (PE) pipe extruder WL Plastics Corp. reports that it has completed the acquisition of the PE pipe extrusion assets of Charter Plastics Inc. WL Plastics said that the strategic acquisition will allow it to further diversify its product portfolio, expand its customer base, and enter new regional markets.

The Charter Plastics site in Titusville, PA, and associated assets have the capability of producing a broad range of PE pipe for numerous end uses including potable water, reclaimed water, sewer, geothermal, gas, irrigation, and industrial applications. WL Plastics, based in Forth Worth, TX, serves similar markets as well as mining and power and communications applications.

WL Plastics is a wholly owned subsidiary of Ineos USA LLC, d/b/a Ineos Olefins & Polymers USA, which is part of the Ineos Group, one of the world’s leading manufacturers of petrochemicals, specialty chemicals, and oil products.

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