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Petzetakis buying major competitor's operation.

Publication: Plastics News
Publication Date: 01-OCT-01
Format: Online - approximately 281 words
Delivery: Immediate Online Access
Full Article Title: Petzetakis buying major competitor's operation.(buying out Smiths Industries PLC's south European flexible hose operations)(Brief Article)

Article Excerpt
ATHENS, GREECE - A.G. Petzetakis SA, an Athens manufacturer of plastic pipe systems and hose, is purchasing the south European flexible hose operations of a major competitor, British engineering group Smiths Industries plc.

Petzetakis agreed to pay 12.5 million euros ($11.5 million) for three firms: Induplas SpA of Varese,...

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