Pipe & Fitting Cos Sign Merger Agreement

Feb. 2, 2007

J-M Manufacturing Company (www.jmm.com) and PW Eagle (www.pwpipe.com), manufacturers of plastic pipe, fittings, and tubing products, signed a definitive merger agreement under which J-M Manufacturing will acquire all of

J-M Manufacturing Company (www.jmm.com) and PW Eagle (www.pwpipe.com), manufacturers of plastic pipe, fittings, and tubing products, signed a definitive merger agreement under which J-M Manufacturing will acquire all of the outstanding common shares of PW Eagle for $33.50 per share in cash. The transaction represents an implied total equity value of approximately $400 million.

J-M Manufacturing, headquartered in Livingston, N.J., operates a total of 14 plastic pipe manufacturing facilities and serves customers throughout North America. Based in Eugene, Ore., PW Eagle operates 12 plastic pipe manufacturing facilities in eight states and serves customers throughout the United States.

The transaction is expected to be completed during the second quarter of 2007, subject to customary closing conditions, including the receipt of regulatory approvals, and approval by PW Eagle”s shareholders. There is no financing condition to the obligation of J-M Manufacturing to consummate the merger.

Sponsored Recommendations

Learn About: Micro Motion™ 4700 Config I/O Coriolis Transmitter

An Advanced Transmitter that Expands Connectivity

Micro Motion 4700 Coriolis Configurable Inputs and Outputs Transmitter

The Micro Motion 4700 Coriolis Transmitter offers a compact C1D1 (Zone 1) housing. Bluetooth and Smart Meter Verification are available.

Keys to Improving Safety in Chemical Processes

Many facilities handledangerous processes and products on a daily basis. Keeping everything undercontrol demands well-trained people workingwith the best equipment.

Micro Motion™ G-Series Coriolis Flow and Density Meter

Micro Motion G-Series: market-leading compact design featuring advanced process diagnostic capability.