Milliken announced this week the acquisition of the assets of Pipe Wrap Inc., by its subsidiary Milliken Infrastructure Solutions LLC. Pipe Wrap designs and constructs composite materials for repair of high-pressure pipes, providing custom solutions for structural reinforcement, leak repair and corrosion prevention. Terms of the acquisition were not disclosed.
The acquisition is the latest in the expansion of the company’s fiber-reinforced polymer business, serving both steel and concrete structures, said Milliken in a press release. For Milliken Infrastructure Solutions, the announcement follows the June 2014 acquisition of the assets of Edge Structural Composites Inc., which produces strengthening systems for structural upgrades, corrosion repairs, seismic strengthening, and other applications.
Pipe Wrap is headquartered in Houston and has operations in Denver. Its two U.S. patents, with four pending, add to Milliken’s patent collection, one of the largest held by a private company.
