TD Williamson buys Pipex for $4.52 million

PIPEX, a business unit of Gas Services Business Pty Ltd , has been sold to the US based TD Williamson Inc for $4.52m.

PIPEX provides installation, maintenance repair on gas regulators and valves to the industry and physical inspection services on the gas distribution network.

TD Williamson, whose head office is in Tulsa, Oklahoma, has more than 75 years experience in pipeline servicing and the manufacture of equipment used by the oil and gas industry in the maintenance of high-pressure pipelines.

The company operates in Europe and Asia, employs more than 700 staff and is acknowledged in the oil and gas industry as the technical leader in its field.

TDW currently provides equipment to the worldwide energy, water, petrochemical and industrial piping markets.

(News Release, Office of the Treasurer, March 18, 1999)