Bayou Perma-Pipe Canada acquires pipe coating facility

Offshore staff

NEW IBERIA, Louisiana -- Bayou Perma-Pipe Canada, a joint venture between The Bayou Companies and Perma-Pipe, has acquired Garneau’s pipe coating and insulation facility and associated assets in Camrose, Canada. Bayou Perma-Pipe Canada will serve as the operating company for Bayou’s Canadian operation.

The 75,000-sq ft (6,968-sq m) Camrose facility was constructed in 1997 and was upgraded ten years later.

“A pipe coating and insulation facility in Western Canada will allow Bayou to better serve its customers and will increase Bayou’s addressable market by approximately $200 million,” says Jerry Shea, Bayou’s MD of business Development. “This acquisition will allow Bayou to broaden that reach and extends Bayou’s geographic coverage and its ability to serve important customers in Canada.”

10/14/2009