Pipelife: EPS-based insulation manufacturer divested

Pipelife, Austria, a joint venture of Solvay and Wienerberger, has sold its Pipelife M-Plast unit in Finland to the plant manager, Kyösti Hakkarainen, and the Finnish venture capital company OKO Venture Capital. M-Plast develops, manufactures and markets EPS-based insulation products for the construction industry in Finland. The company, with net sales of EUR 8.4m in 2005, employs 14 people. Pipelife said that divesting the company would allow it to focus on its core plastic pipes business.

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