Allied grabs former Barzel Morrisville plant as Jones family gears up
Dec 13, 2009 | 07:00 PM
The new owners of the former Barzel Industries Inc. have sold the company's Morrisville, Pa., pipe and tube plant to Allied Tube & Conduit but are said to have kept the company's other assets.
Harvey, Ill.-based Allied Tube announced the deal for the Morrisville facility in a release that slipped under our radar last month. Allied said the move would expand its tubular offerings to include a "robust" range of hollow structural sections (HSS) and A53 pipe products.
"Allied Tube is committed to the success and growth of HSS and A53 pipe as an extension of our current mechanical, sprinkler, and fence product lines," the company said. "Through this product line expansion Allied Tube has the capacity to more adequately supply a larger portion or your pipe and tube requirements."
Terms of the deal were not disclosed. Officials at Allied did not return a request for comment, and Wayne Day, former Barzel chief restructuring officer, said the sale price was not public information.
News of the deal didn't come as a total surprise to Perspectives, which earlier speculated that if any Barzel assets were to be sold separately, the Morrisville plant would be the most likely candidate. Its prime East Coast location didn't hurt, we noted at the time (Perspectives, Oct. 12).....
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