HOUSTON, Feb. 19�Bredero-Shaw, a joint venture of Shaw Industries Ltd., Toronto, and Halliburton Co., Houston, has signed a letter of intent to acquire Thermotite AS from Eupec PipeCoatings GMBH.
Thermotite specializes in custom designed flow assurance insulation systems for subsea and deepwater pipeline applications, based on polypropylene plant technology. "Thermotite owns mobile pipe insulating technology, the strategic use of which can greatly enhance multi-joint insulation economics," said Bredero-Shaw.
The joint venture is a leading pipeline coatings solutions provider. The acquisition will allow Bredero-Shaw to strengthen capability at a deepwater base being built at Mobile, Ala.
Thermotite will operate as a separate division.