Specialty Plastics, which makes industrial piping systems, has purchased a 3.28-acre tract of land next to its Perkins Road facility.
Speciality Plastics paid $2.275 million for the land next to its offices at 15915 Perkins Road, according to a transaction that was filed Monday with the East Baton Rouge Parish Clerk of Court’s Office.
Officials with Speciality Plastics said the land was purchased for a future expansion that could lead to more hiring.
Specialty Plastics specializes in the design, manufacture and installation of fiberglass piping systems for the deep-water oil and gas industry. In 2013, the Future Pipe Industries Group bought the company from ITT Exelis for an undisclosed sum.