INEOS O&P USA implements vertical integration strategy through WL Plastics acquisition
INEOS O&P USA has acquired 100% of the shares of WLP Holding Corp., one of the largest high density polyethylene (HDPE) pipe manufacturers in North America. The business is headquartered in Fort Worth, TX with production facilities in Kentucky, South Dakota, Utah, Texas, and Wyoming. A facility in Georgia is currently under construction.
With over 500 MM pounds of annual production capacity, WL Plastics (WL) provides HDPE pipe to markets including oil, gas, industrial, mining, conduit, and municipal water and sewer. The company’s best-in-class manufacturing processes and experienced production personnel allow WL to be one of the most efficient producers of HDPE pipe.
Dennis Seith, CEO of INEOS O&P USA said, “We are very pleased to have acquired WL Plastics. The business is well-positioned to serve the growing North American pipe market and will complement INEOS’s existing portfolio of olefins and polymer products.”
Mark Wason, CEO of WL Plastics said, “INEOS and WL are committed to safety, quality, manufacturing excellence and customer service. We believe ownership under INEOS will enable WL to strengthen our position in the market place through upstream integration backed by the resources of a global company enabling the next phase of WL Plastics growth.”
The purchase price was not disclosed.