Isca Ventures LLP advised the shareholders of Pipex px on the sale of the company to NOV Fiber Glass Systems a division of National Oilwell Varco Inc.
Founded in 1984 by Alan Smith, Pipex px is a leading designer, supplier and manufacturer of advanced FRP composite and thermoplastic products based in Plymouth.
National Oilwell Varco Inc (NOV) is an American multinational corporation based in Houston, Texas. It is a leading worldwide provider of equipment and components used in oil and gas drilling and production operations.
Hossein Arian, President of NOV Fiber Glass Systems said “We are very excited to welcome Pipex to Fiber Glass Systems and look forward to moving ahead together into an era of growing innovation and integrated products and services.”
Tom Smith, Chairman of Pipex added “NOV is a natural home for Pipex and provides us with an unparalleled opportunity to bring our unique blend of products and services to the global marketplace.”
Tom Smith added “We are very grateful to Isca Ventures for the valued advice and assistance over the last 10 years and its role in our successful sale to NOV”.