Northwest Pipe announced that there was an accidental fire at its Saginaw, Texas facility which resulted in damage to the coatings building. "Thankfully, there were no injuries, but the ability to coat at our Saginaw facility will be impaired while we assess and repair the damage," said Scott Montross, president and CEO of the company. "Fortunately, we have multiple production locations that can be deployed to absorb whatever lost production we have at our Saginaw facility." The company has insurance coverage in place covering among other things, property damage and business interruption, up to certain specified amounts and has notified its insurers of the incident.
Northwest Pipe announced it will provide over 6,500 tons of 8-foot and 5-foot diameter water pipe for the Second Narrows Water Supply Tunnel project in Vancouver, British Columbia. The pipe will be installed by a partnership of Traylor Infrastructure Canada, ULC, and Aecon, both of Vancouver, British Columbia. The partnership was awarded the tunnel project last fall by Metro Vancouver, the regional water supplier for the metropolitan area. The pipe will be installed in a 19-foot diameter, 3,600-foot-long tunnel to be bored under Burrard Inlet between the District of North Vancouver and the City of Burnaby. Pipe deliveries are anticipated to start in 2020.
Northwest Pipe Company announced it was selected to supply 2.5 miles of the water pipeline for the River Supply Conduit Improvement, Upper Reach, Unit 7 project. This project will increase the capacity and improve the reliability of the River Supply Conduit network that brings water to central Los Angeles. Frontier-Kemper Constructors, is the General Contractor for the Los Angeles Department of Water and Power. Manufacturing is scheduled to begin in mid-2019 and is anticipated to be substantially complete by the end of 2020.
Northwest Pipe Company has acquired Ameron Water Transmission Group, a major supplier of engineered welded steel pressure pipe as well as reinforced concrete pipe. The transaction closed on July 27, 2018 and was funded with cash on hand. In addition to expanding Northwest Pipe Company's footprint in a key water transmission pipe market, this acquisition also adds bar-wrapped concrete cylinder pipe, reinforced concrete pipe and T-Lock, a proprietary PVC lining for concrete pipe sewer applications, to the Company's product portfolio. Headquartered in Rancho Cucamonga, California and formerly a part of National Oilwell Varco, Ameron has pipe operations in Tracy, California and San Luis Rio Colorado, Mexico, as well as a protective lining facility in Brea, California. Ameron had approximately $57M in net sales in 2017.