Simona to acquire Stadpipe.

Simona, semi-finished plastic products manufacturer, agreed to acquire Stadpipe, a piping systems provider. Financial terms were not disclosed. “Stadpipe offers us access to project planning companies and end consumers in the fish farming and fishing industry. This will allow us to hone our industry focus when it comes to the growth market of aquaculture. Stadpipe’s product range perfectly complements and extends our existing portfolio of pipes and fittings. Stadpipe has a strong customer-facing business. This enables us to specify our products at an early stage, in addition to identifying changing requirements very quickly. We look forward to expanding our international activities in the field of aquaculture in partnership with the management team headed by Nils Per Sjåstad,” Matthias Schönberg, Simona CEO.