Mon 15, Apr 2019
Pipe Rehabilitation (IPR, Conyers, GA, US) acquired Daystar Composites (Patterson, GA, US), which manufactures cured-in-place pipe liners and products made for water and wastewater pipe infrastructure rehabilitation.
Post the acquisition, Daystar Composites LLC will be known as Daystar Composites: An IPR Company. It provides contractors and utility owners with cured-in-place pipe (CIPP) liners and products which are designed for the rehabilitation of water and wastewater pipe infrastructure.
Robert McCrae, president and CEO of IPR says, “This acquisition positions IPR to build on our capabilities as a national leader in CIPP lining technology and trenchless pipe rehabilitation.”
IPR is said to be the largest, privately-held trenchless solutions provider in the US, which provides a broad range of installed infrastructure rehabilitation solutions.
There are various trenchless techniques available for the rehabilitation of damaged pipelines, such as CIPP and slip lining, among which CIPP is gaining popularity owing to its numerous benefits over the competing ones. It is suitable for the rehabilitation of pipelines with a wide range of diameters as well as applications including sewer, potable water, and stormwater. It gives a new life to the damaged pipelines.
According to Stratview Research, the global Cured-In-Place Pipe (CIPP) market is expanding rapidly and is likely to reach an annual revenue mark of US$ 2,615.4 million in 2023. Aging potable and sewage water structure, increasing spending by municipalities and utilities on rehabilitation, increasing awareness about the benefits of trenchless techniques, and high performance of CIPP over competing technologies are sited as the key growth drivers of the CIPP market.
Image Source: IPR