Perma-Pipe forms 60/40 JV with Gulf Insulation Group in Saudi Arabia

Perma-Pipe International Holdings, Inc.

JV will provide pre-insulated piping, fabrication, epoxy coating, and leak detection for customers in Saudi Arabia, Kuwait, and Bahrain.
Perma-Pipe holds 60% controlling interest; Gulf Insulation Group (Zamil Industrial) holds 40%.
JV will operate from existing plants in Dammam and Riyadh, targeting Saudi Vision 2030 infrastructure projects.
Formation is subject to approval from the Kingdom of Saudi Arabia General Authority for Competition.

item 1.01 item 9.01

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Perma-Pipe International Holdings, Inc. entered into a collaboration with Gulf Insulation Group.

Action: entry
Agreement: collaboration
Counterparty: Gulf Insulation Group

Exact text from the filing

Perma-Pipe International Holdings, Inc. has entered into a joint venture with Gulf Insulation Group in the Kingdom of Saudi Arabia to provide pre-insulated piping systems, piping fabrication, internal and external fusion bonded epoxy coating services and leak detection systems for customers in the Kingdom of Saudi Arabia, Kuwait and Bahrain.

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Source: SEC EDGAR

accession 0001437749-23-000660

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