09:53 AM EDT, 09/15/2022 (MT Newswires) -- Sypris Solutions (SYPR) unit Sypris Technologies said Thursday it has acquired the intellectual property rights for the rapid opening closure product line from Pipeline Engineering and Supply Co.
Financial terms of the deal weren't disclosed.
The purchase gives Sypris exclusive rights to manufacture and sell the rapid opening closure product line to end users globally, including in the oil, gas, petrochemical and industrial markets, the company said.
The product line will help expand its market presence in Europe, Asia and the Middle East, Sypris Technologies said.
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