Bayou Perma-Pipe Canada, Ltd. (BPPC), a joint venture between The Bayou Companies, LLC (Bayou) and Perma-Pipe, Inc. has been formed with the 2009 $12.25M (CAN) acquisition of a Garneau, Inc. pipe coating and insulation facility and associated assets located in Camrose, Alberta, Canada. BPPC will serve as the operating company for Bayou's Canadian operations, with the Camrose location as its main office. With the acquisition, Bayou has expanded its portfolio of coating solutions and operations locations. Bayou expects this additional pipe coating and insulation facility in Western Canada will increase its addressable market by approximately $200 million.
Bayou’s joint-venture partner, Perma-Pipe, is the leading manufacturer of pre-insulated district heating and cooling piping systems in North America. Perma-Pipe also offers pre-insulated products for subsea oil and gas gathering, LNG terminals and long distance petroleum pipeline transportation.