iNPIPE PRODUCTS™ offers the latest in cutting edge technology, with design and manufacturing capabilities in house. With turning and forming machinery for the production of high quality machined parts, iNPIPE PRODUCTS' ™ facilities allow for the manufacture and production of both standard and customised products. iNPIPE PRODUCTS™ places emphasis on providing client-led solutions and offering a full advisory service.
MBO CREATES NEW FUTURE FOR iNPIPE PRODUCTS™
International Pipeline Products Ltd has been acquired as part of a Management Buy-Out supported by private equity investor, Meridian Equity.
The North Yorkshire based company, which is known internationally under the brand name, iNPIPE PRODUCTS™, has been acquired for an undisclosed sum from parent company, Pan-Atlanta Developments Limited to accelerate the growth of the business into new premises required for rapid expansion.
iNPIPE PRODUCTS™, which is a member of energy sector business development organisation, NOF Energy, has been a supplier to major operators and international contractors for over 25 years and continues to grow.
The company has increased worldwide turnover and profits year on year and the company, which currently employs 65 people, has significant development and further recruitment planned for the next 12 months.
From its global headquarters in Catterick, North Yorkshire, iNPIPE PRODUCTS™ designs, manufactures and hires an array of ‘pigging’ pipeline maintenance and testing equipment and services.
The ISO 9001:2008 approved company has a reputation for designing and patenting innovative products that have become industry standards. The Pig Signaller, its first patent, is one such product which was developed with omni-directional properties.
This is of particular importance when orientating the signaller on the pipeline because with an iNPIPE PRODUCTS™ omni-directional trigger, unlike other triggers, it is impossible to install the trigger unit incorrectly.
In addition, the company is able to work with clients to produce tailor-made products alongside its standardised range. Bespoke manufacture accounts for approximately 25 per cent of iNPIPE PRODUCTS™ business.
Simon Bell, Managing Director of iNPIPE PRODUCTS™, puts this success down to the quality of its staff: “We have a developed a very loyal and experienced workforce which is now respected on a worldwide basis with over 78 percent of company turnover coming from exports.”
He added: “The reputation we have established in our sector provides the perfect platform to take the business forward. We pride ourselves in having the experience and expertise to provide a solution, whether it’s a standard product that we’re developing ourselves or it’s a bespoke product with a set of difficult parameters. That’s generally where the expertise comes out, when customers’ requirements are a little more demanding because of the technical performance required by the operator.”
As oil prices continue to rise, Sales Director Gavin Newall reflects on how this affects the company’s hopes for the near future: “Over the next two years we’d like to see the company grow to twice its current size, consolidating our position in the market place and moving the company forward into more service-orientated products.”
Andrew Clarfield, co-founder of London-based Meridian Equity, which specialises in backing proven management teams running businesses with strong long-term growth prospects, said: “We are delighted to be backing Simon and his management team. iNPIPE PRODUCTS™ is a worldwide leader in its field, and Meridian will support the development of the business within this exciting sector.”
George Rafferty, Chief Executive of NOF Energy said: “As an established part of the pipeline and subsea sector supply chain, iNPIPE PRODUCTS™ is part of a strong group of companies that are exporting UK expertise around the world, which further enhances this country’s reputation for innovative products, services and skills. iNPIPE PRODUCTS™ has carved an excellent position in a niche market and this acquisition will provide its management team with greater scope to increase its global penetration.”
