Borusan Mannesmann acquired 100% of Berg Pipe, a leading manufacturer of large-diameter line pipe in the United States, for $162 million. Berg Pipe manufactures longitudinal seam-welded large-diameter pipes at its manufacturing facility in Panama City, Fla., and spiral seam-welded large-diameter pipes at its manufacturing facility in Mobile, Ala. The company has a total manufacturing capacity of 550,000 tons per year. The acquisition strengthens Istanbul, Turkey-based Borusan Mannesmann’s position in the North American large-diameter pipe market.
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