TPT November 2013

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Industry News
November 2013 21
Future Pipe acquires Protesa
FUTURE Pipe Industries Group (FPIG),
as part of its global growth strategy,
has acquired 100 per cent of the
fibreglass pipe manufacturing business
Protecciones Plasticas, SAU, which
will continue under the trading name
Protesa.
Protesa has headquarters in
Barcelona, Spain, with facilities in
Zaragoza, Spain; Pune, India; and Jorf
Lasfar, Morocco.
The takeover is a major strategic
addition to FPIG’s composite pipe
business, and adds to its ability to
service clients particularly in the water,
desalination, industrial and infrastructure
sectors in Europe, North West Africa
and Latin America, as well as providing
FPIG with its first manufacturing facility
in India.
“This acquisition marks an important
step in our strategy to diversify outside
of our core market in the GCC [Gulf
Cooperation Council],” said Fouad
Makhzoumi, chairman and CEO of
Future Pipe Industries Group.
“Protesa has been manufacturing
GRP (glass fibre reinforced polyester)
composite pipe systems for over 50
years and is one of the leaders in its
field, with a strong network of clients
across Europe, North Africa and
globally.”
“We are therefore very pleased
to have been able to conclude this
acquisition and are excited about
the potential it brings to our growing
group of companies, particularly as
it significantly increases our ability to
service our clients from a dedicated
GRP facility in Europe.”
Future Pipe Industries Group,
established in 1984, offers a complete
product range and solutions to complex
engineering projects for a wide variety
of applications in the oil and gas,
marine, industrial, and infrastructure
sectors.
The group operates nine factories
around the world, and serves more
than 300 major customers in over 50
countries.
Protesa was founded in 1959 with
the aim of researching, designing,
producing, marketing and installing
GRP pipes and fittings.
The company is active in sectors
that require advanced technological
solutions, such as those involving
sewage networks, wastewater treat-
ment plants, water supply networks,
transmission lines, irrigation networks,
purification plants, power plants,
desalination plants and fire protection
systems.
Future Pipe Industries Group – UAE
Website:
Protesa – Spain
Email:
Website:
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