Bayou Companies Completes Acquisition Of Pipe Coating And Insulation Facility

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The Bayou Companies, Inc., a subsidiary of Insituform Technologies Inc. completed its $CN12.25 million acquisition of Garneau Inc.’s pipe coating and insulation facility and associated assets located in Camrose, Alberta, Canada. The acquisition was effected through Bayou Perma-Pipe Canada, Ltd. (BPPC), a joint venture between Bayou and Perma-Pipe, Inc. and will serve as the operating company for Bayou’s Canadian operations.
  Bayou announced its agreement to acquire the Camrose facility on Sept. 30. Bayou expects this additional pipe coating and insulation facility in Western Canada will increase its addressable market by $200 million. Eldridge Indest was appointed president of Bayou Perma-Pipe Canada. He has 32 years of experience with Bayou, most recently director of Technical Planning in New Iberia.