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updated: 3/20/2017 8:54 AM

MFRI changes name to Perma-Pipe International Holdings

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NILES -- MFRI Inc. has changed its corporate name to Perma-Pipe International Holdings Inc.

The new name better reflects the company's mission and strategy, and positions it to leverage the strong reputation Perma-Pipe has established since beginning operations in 1961.

"Over the past six decades, Perma-Pipe has established itself as a market leader in pre-insulated piping and leak detection systems, with a broad customer base and operations at seven locations in five countries," said President and CEO David Mansfield. "Now that the company operates in the piping segment only, our new name will both clarify who we are and enable us to better leverage Perma-Pipe's outstanding brand."

Perma-Pipe International Holdings, Inc. common stock will be reported under its new ticker symbol "PPIH" beginning Tuesday. Outstanding stock certificates are not affected by the symbol change and will not need to be exchanged.