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Oxford sells HDPE piping division to Armtec; Proceeds to fund expansion, add solid-wall pipe capacity.

Publication: Plastics News
Publication Date: 01-SEP-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Michael Lauzon

Oxford Plastics Inc. is expanding with funds it raised by selling its high density polyethylene corrugated pipe division.

Oxford sold the division to Armtec Infrastructure Income Fund for C$5.7 million (US$5.44 million). It kept its solid-wall pipe division and is growing it. The division it sold concentrates on agricultural and building trades markets.

"The sale gives...



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