Corinth Pipeworks, the steel pipe segment of Cenergy Holdings, announces the acquisition of an LSAW pipes facility in Hartlepool, UK through an Asset Sale Agreement (ASA) signed on 4 March 2026, between Corinth Pipeworks UK Ltd, a wholly owned subsidiary of Corinth Pipeworks S.A. (CPW) and the joint administrators [of BTG Begbies Traynor (London) LLP] appointed by the Business and Property Courts of England and Wales in London acting as agents of Liberty Pipes (Hartlepool) Ltd (In Administration) for a total consideration of GBP 10,000,000.
This strategic acquisition marks an important milestone in the steel pipe segment’s long-term growth plan by increasing its capacity and strengthening its position as a key supplier to the global energy sector.
Hartlepool LSAW pipes facility, established in 1926, boasts a rich legacy of supplying high-performance pipe solutions to global energy giants such as Shell, BP, Total and Equinor as well as leading subsea engineering firms like Subsea 7 and Saipem. This facility is a significant asset for the UK, aligned with government priorities in infrastructure renewal and decarbonization, through the use of hydrogen and carbon capture & storage (CCS). Trends in reshoring and national supply chain resilience further enhance its growth potential.
Alexis Alexiou, CEO of Cenergy Holdings, said: “Cenergy Holdings and CPW are often associated with tackling complex steel pipe projects, so acquiring this asset marks a noteworthy advancement for us. With new LSAW pipe production capabilities—which are valued for their mechanical strength, high quality, and suitability for critical, high-pressure uses—we’re expanding our potential. By merging our global expertise with a top-tier mill and skilled workforce, we can provide tailored solutions to clients worldwide.”
Ilias Bekiros, General Manager of Corinth Pipeworks, commented: “Hartlepool LSAW facility’s strategic acquisition intends to double CPW’s LSAW capacity, enabling the company to undertake major projects worldwide. The move further strengthens CPW’s position as a leading manufacturer of pipes for demanding deep offshore applications, supported by an exceptional track record in the industry”.
