WL Plastics Corporation, a subsidiary of INEOS USA has announced it has completed the acquisition of the polyethylene pipe extrusion assets of Charter Plastics, Inc. located in Titusville, Pennsylvania.
This strategic acquisition provides the opportunity for WL Plastics to further diversify its product offerings, expand its customer base, and enter new regional markets.
The Titusville site and associated assets have the capability of producing a broad range of polyethylene pipe for numerous end-uses including potable water, reclaimed water, sewer, geothermal, gas, irrigation, and industrial applications.
“We are delighted to bring such an established and well-positioned asset kit into the broader manufacturing base of WL Plastics,” said Mark Wason, CEO of WL Plastics. “We are excited to be a part of the Titusville community.”
WL Plastics is a wholly owned subsidiary of INEOS USA LLC d/b/a INEOS Olefins & Polymers USA, which is part of the INEOS Group, one of the world’s leading manufacturers of petrochemicals, specialty chemicals, and oil products.