Netherlands-based The Van Leeuwen Pipe and Tube Group has acquired Tubexpress, a Brazilian distribution company supplying pipes and tubes to the petrochemical and oil and gas industry.
According to a news release, Van Leeuwen's strategy is aimed at expanding and strengthening its market positions in several countries and industrial segments through acquisitions and autonomous growth. The acquisition in Brazil is in line with this growth strategy.
Tubexpress has two branches in Brazil, in Osasco and São Carlos, both in the state of São Paulo, and employs about 65 people.
With Tubexpress, the focus of Van Leeuwen in Brazil will primarily be on the international energy market, specifically oil and gas.
Peter Rietberg, chairman of the board of the Van Leeuwen Pipe and Tube Group, said: "With the takeover of Tubexpress, Van Leeuwen expands yet again its global footprint, following the recent expansion of activities in for instance Africa, Asia, and the USA. The acquisition provides us a platform for growth particularly in the oil and gas segment in Brazil. Local customers will profit from Van Leeuwen's worldwide network and expertise, and we can serve our international customers in Brazil."
Van Leeuwen Pipe and Tube Group has 50 branches in Europe, the Middle East, Asia, Australia, North and South America.