Archive for the ‘Tubing’ Category

Pre-Takeover Profits Soar at Fine Tubes

In May 2015, Plymouth-headquartered Fine Tubes, along with US sister company Superior Tube, was acquired by electronic manufacturer Ametek for $200m (£128.4m). The businesses had previously been owned by private investment firm the Watermill Group since February 2012. According to the most recent accounts for Fine Tubes Ltd, covering the year ending 31 December 2014,…

June 19, 2015 | , , , , ,

Watermill’s Global Tubes Acquired by AMETEK, Inc.

Global Tubes is comprised of two businesses – Superior Tube Company, Inc. (Collegeville, PA) and Fine Tubes Ltd. (Plymouth, UK) – and was created in 2012 after they were acquired by The Watermill Group Sale price of $200 million represents significant return for The Watermill Group and its investors EBITDA more than doubled as a…

May 8, 2015 | , , , , , , , , , , , , ,

The Watermill Group Attracts Former Alcoa Executive to Grow Metal Tubes Companies

Brian J. Malloy appointed Senior Vice President and Chief Strategy Officer to drive Global expansion for Watermill’s precision tubes business LEXINGTON, MASS. — The Watermill Group, a strategy-driven private investment firm, has brought in an executive from Alcoa to nurture growth for two closely related metals manufacturing companies in Watermill’s portfolio: Fine Tubes Ltd. in…

March 7, 2014 | ,

Fine Tubes Helps SENER Achieve Results in Solar Power with the Gemasolar Power Plant

Fine Tubes (www.finetubes.com), one of the world’s leading tube manufacturers for the aerospace, medical, nuclear and power, oil and gas and chemical process sectors, is now four years into a solar power project with SENER. SENER is the international engineering and construction specialist behind the Gemasolar commercial power plant – the first of its kind….

August 8, 2013

Fine Tubes and Superior Tube Partner to Increase Global Footprint

Combining the two Watermill Group-owned companies elevates their service possibilities and production levels while maintaining excellent standards by which they built their reputations. Fine Tubes can now strategically serve the U.S. market. Fine Tubes (Plymouth, England), one of the leading UK manufacturers of metal tubing for the aerospace, medical, chemical, nuclear, power and oil and…

July 25, 2013

Fine Tubes Partners with Superior Tube

Devon-based precision tube manufacturer, Fine Tubes, has joined forces with the US company Superior Tube, in a bit to increase its global capabilities. June 3, 2013. The new partnership will enable the two Watermill Group owned companies to improve service possibilities and production levels both in the UK and US. Fine Tubes says they can…

June 3, 2013

Fine Tubes Announces New Nadcap Accreditation for Welding

UK metal tube manufacturer Fine Tubes has recently been certified for its standards in Welding, joining recognition for its Heat Treating and NDT processes Plymouth, United Kingdom. May 20, 2013 — Fine Tubes is proud to announce its latest accreditation from Nadcap for superior standards in metal tube manufacture. This accreditation entitles the company to…

May 23, 2013

Partners in Tubing

After nearly 80 years, Superior Tube is excited about its new opportunity for growth. By Alan Dorich   When private investment firms acquire midmarket companies, they have the potential of taking those enterprises to new levels of success. That is exactly what Superior Tube Co. Inc. hopes to reach with its new owner, President and…

February 26, 2013 |