Northwest Pipe Co., which makes steel pipes used to transport water, said Thursday that it has acquired Permalok Corp. to expand its pipe offerings for customers. Financial details of the deal were not disclosed.
Permalok, which has manufacturing facilities in St. Louis and Salt Lake City, makes interlocking steel pipes also used for water transmission.
"We feel the Permalok product has a wider market potential by offering a lower cost solution compared to existing products," said Northwest Pipe CEO and President Scott Montross in a statement.
Northwest Pipe said Permalok will continue to use its name.
Shares of Northwest Pipe, which is based in Vancouver, Wash., closed at $37.76 Tuesday.