Article: Market leader emerges in FRP pipe.(GLOBAL NEWS: LATIN AMERICA)(fiber-reinforced polyester)(Inversiones Mundial S.A. acquires Amiantit Co. )(Brief article)

Inversiones Mundial S.A., Medellin, Colombia, lays claim to being the largest producer of fiber-reinforced polyester (FRP) pipe in Latin America, after acquiring 70% of the manufacturing operations of Saudi Arabia's Amiantit Co. in Brazil, Argentina, and Mexico. The deal, valued at $11.5 million, was made through O-TEK Internacional S.A.., a division of Inversiones Mundial. The acquisition includes four plants: Amitech Argentina; Amitech Tubos Brasil; Amitech Mexico; and Amiantit Pipe Systems Mexico. ...

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