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Industry News
O-Tek takes control of Brazilian company Newsan

The acquisition will help O-Tek become a major provider fiber-reinforced solutions to the market of water conduction, sewage and industrial effluents.

Posted on: 7/14/2009
Source: CompositesWorld
Colombian O-Tek, from the conglomerate Inversiones Mundial, has incorporated Newsan, a company from Brazil specialized in piping rehabilitation. In the country since 2007, O-Tek is the controlling company of Amitech, the largest Brazilian manufacturer of fiberglass reinforced plastic (FRP) pipes. Within the upcoming months, Newsan shall change its corporate name to O-Tek Services Brazil.

According to Gonzalo Arias, Amitech's director and O-Tek's executive officer, such deal will help the company to become the best provider of solutions to the market of water conduction, sewage and industrial effluents. In January, O-Tek begun to represent CST Industries in Brazil, a North American company that manufactures screwed steel tanks usually used to store potable water. "Now, we have completed our portfolio with the pipe rehabilitation service characterized by the minimal impact of works, which is known as trenchless technologies," he emphasized. Over the next three years, O-Tek plans to take this new service to Latin American countries where it maintains industrial and trading operations.

In addition to rehabilitating pipes of different materials, especially from non-destructive methods, Newsan diagnoses pipe failures through several technologies, among them, closed-circuit TV.

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