Oldcastle announced acquisition of National Pipe & Plastics Inc
Oldcastle Infrastructure (Oldcastle), a CHR company, announced in October 2021, that it has acquired National Pipe & Plastics Inc (National). National provides PVC pipe based end-to-end solutions serving the potable water, wastewater, electrical conduit, and drainage markets from two East Coast locations. National has served the PVC pipe market for over 50 years. Oldcastle states that the addition of PVC pip to the company’s infrastructure further enables the company to provide fully integrated solutions that connect and protect critical utility infrastructure from source to consumer.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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