Aliaxis SA, a world leader enabling access to water and energy through innovative fluid management solutions, operating under the IPEX brand in North America, has announced that it has signed an agreement to acquire the manufacturing division of the U.S. based Valencia Pipe Co. With this significant acquisition of $250 million, Aliaxis expands in the key market of the Western United States by adding two production facilities and one distribution center in the states of Arizona and Washington.
Valencia pipe and fittings manufacturing division primarily produces plumbing solutions for the residential market.
Eric Olsen, CEO of Aliaxis, says: “This acquisition will contribute to our Growth with Purpose strategy and will allow us to provide our national customers with a truly coast-to-coast presence. Valencia’s plastic pipe and fittings manufacturing division brings two modern plants and a distribution center, providing a highly complementary geographic and product fit with IPEX, Aliaxis’s leading brand in North America.”
Alex Mestres, Divisional CEO Americas, comments: “We are pleased to be adding the Valencia team to the IPEX team and wish them a warm welcome. This acquisition provides us with an excellent opportunity to expand our reach into the Western United States to enter new markets and be the partner of choice for our national customers.”
The deal is subject to regulatory approval. Both parties anticipate a completion of the transaction over the coming weeks.
Source: Aliaxis
