Northwest Pipe Co., a producer of engineered welded steel pressure pipe products for the water transmission market, completed its acquisition of National Oilwell Varco Inc. unit Ameron Water Transmission Group LLC.
The acquisition of the major supplier of engineered welded steel pressure pipe and reinforced concrete pipe expands Northwest Pipe's footprint in a key water transmission pipe market, adding bar-wrapped concrete cylinder pipe, reinforced concrete pipe and T-Lock, a proprietary PVC lining for concrete pipe sewer applications, to the Northwest Pipes' product portfolio.
Headquartered in Rancho Cucamonga, Calif., Ameron has pipe operations in Tracy, Calif., and San Luis Río Colorado, Mexico, as well as a protective lining facility in Brea, Calif.
Ameron had approximately $57 million in net sales in 2017.
The transaction closed on July 27 and was funded with cash on hand.