Corinth Pipeworks to acquire LSAW pipe mill in the UK
PRESS RELEASE
Brussels, March 5, 2026
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”
About Cenergy Holdings
Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables. Corinth Pipeworks is a world leader in steel pipe manufacturing for the energy sector and major producer of steel hollow sections for the construction sector. For more information, please visit our website at www.cenergyholdings.com.