Purchase of mill equipment furthers Bull Moose Tube's investment strategy in sprinkler pipe, Ensures company will continue to meet industry demand
CHESTERFIELD, Missouri, July 13, 2016 /PRNewswire/ -- Bull Moose Tube, a subsidiary of North American manufacturing group Bull Moose Industries, today announced it has purchased additional sprinkler pipe assets. Purchase price and other details of the transaction were not disclosed. Bull Moose Industries is owned by Caparo, the diversified global industrial interests of British Indian businessman The Right Honourable Lord Swraj Paul.
Bull Moose also announced that the newly purchased mills will be incorporated into sprinkler-pipe manufacturing operations at two of its existing locations: The first of these mills is scheduled to be added to Bull Moose's Trenton, Ga., operations later this year, representing the company's first sprinkler manufacturing mill in the Southeast. The second mill – tentatively scheduled to be added to the company's existing operations in Casa Grande, Az., after the Trenton, Ga., mill is completed – would enhance that location's current production capacity and support Bull Moose's growing business on the West Coast.
The asset purchase comes on the heels of the company's announcement in October 2015 regarding its increased commitment to, and investment in, its sprinkler-pipe operations amid growing demand in the marketplace. The recent purchase represents a continuation of that commitment, as well as a critical step in continuing to meet customer demand in the sprinkler-pipe marketplace – particularly given the recent departure of a competing manufacturer.
With addition of these two mills, coupled with the investments made in the fall of 2015, Bull Moose will effectively double its sprinkler output capabilities. According to Bull Moose Industries CEO Michael Blatz, this latest move was important to meet customers' growth objectives while maintaining a high level of customer service.
"In 2015, we at Bull Moose announced our commitment to continue to meet the needs of current and new customers. The purchase of these assets is a critical step in honoring this commitment," said Michael Blatz, CEO of Bull Moose Industries. "We realize that this purchase – like any major investment – has its inherent risks. The sprinkler pipe marketplace is not without its challenges, as evidenced by the recent departure of a major manufacturer. But we are confident that our production footprint, our strong financial position, our solid product-certification track record and our reputation as a trusted leader in sprinkler-pipe production uniquely positions us to make this investment and to continue to meet customer demand."
"This purchase by our company, Bull Moose Tube, is yet another example of our ongoing pursuit of growth opportunities in the U.S.," said Lord Paul. "We will continue to support the efforts of our U.S.-based businesses as they continue to expand."
Once all operations are up and running, Bull Moose will have sprinkler-pipe mills in the eastern U.S. (Masury, Ohio), western U.S. (Casa Grande, Az.), central U.S. (Gerald, Mo.) and southeastern U.S. (Trenton, Ga.).
About Bull Moose Tube Sprinkler-Pipe
Bull Moose Tube sprinkler-pipe is UL listed (US & Canada) and FM approved; ASTM A135 and A795 Type E, Grade-A certified; and complies with NFPA-13, 13R and 14. Possessing industry-leading hydraulic characteristics, all Bull Moose Tube sprinkler-pipe is NDT weld tested and has a CRR of 1.0 and greater. As the exclusive maker of painted red ReddyPipe (R), Bull Moose Tube Company offers sprinkler-pipe pipe in a variety of custom length options.
About Bull Moose Industries
Bull Moose Industries combines a diversified manufacturing base with strong engineering expertise–helping a wide spectrum of customers overcome challenges in product development, cost control, and performance factors. Through its dedication to innovation, transparency, reliability, and excellence, Bull Moose Industries creates value for customers across a variety of fields, through manufacturing, engineering, and support services of exceptional strength. For more information, visit www.bullmooseindustries.com.
Bull Moose Industries
SOURCE Bull Moose Industries