Lawrence, Massachusetts-based thermoplastic valve and pipe manufacturer Asahi/America acquired Gramercy, Louisiana-based fabrication shop Performance Plastics. The acquisition will help Asahi/America in expanding its existing fabrication capabilities and broaden its engineered plastics products and services offerings, the company noted.
Performance Plastics will continue to operate its 30,000-square-foot shop with its staff that has more than 25 years of experience.
“Asahi/America has enjoyed a close relationship with Performance Plastics over the last 10 years. We recognize that our customers need more from their materials supplier,” Asahi/America’s President and CEO Daniel Anderson said. “They also require value-added services in today’s fast-paced industrial and commercial markets. This strategic acquisition will enable Asahi/America to be a stronger partner to our distribution network, as well as the construction trades.”