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Jindal Tubular USA acquires PSL North America

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BAY ST. LOUIS, Miss. (AP) — The $6 million expansion of the former PSL North America plant in Port Bienville Industrial Park in Bay St. Louis will move forward under the new ownership of Jindal Tubular USA.

Jindal Tubular acquired the assets of PSL North America for $104 million. The sale, which was approved by the U.S. Bankruptcy Court for the District of Delaware, was announced Tuesday.

The manufacturing and coating plant at Port Bienville can producing more than 300,000 tons of pipes annually, ranging from 18 inches to 120 inches and up to 80 feet in length.

The pipes are used primarily for natural gas, petroleum and water transmission.

The expansion will broaden the range of products at the facility, adding cement-coated steel pipe for use in water transmission to the existing line of products.

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