Vallourec Enhances Its Line Pipe Coating Solutions With the Acquisition of Thermotite do Brasil [Yahoo! Finance]
VALLOUREC SA SP/ADR (VLOWY)
NASDAQ:AMEX Investor Relations:
vallourec.com/en/group/finance/investor_relations/pages/default.aspx
Company Research
Source: Yahoo! Finance
Thermotite's facility is located within Vallourec's existing coating services premises in Serra, Esperito Santo State, Brazil. This acquisition will support Vallourec's premiumization strategy, reinforce its presence across the industry value chain with an integrated industrial set up and improve its technical expertise, notably for the offshore and particularly deepwater markets. Philippe Guillemot, Chairman of the Board of Directors, and Chief Executive Officer declared: “This acquisition is a further step forward in our strategy to provide premium integrated solutions for the most challenging offshore projects. Thermotite's expertise perfectly complements our existing portfolio of anti-corrosion coating solutions, allowing us to offer our customers more complete and tailored line pipe solutions. By strengthening our presence in Brazil, a key market for the offshore industry, we are well-positioned to capitalize on the growing demand for premium tubular solutions both in the dome
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