BRUSSELS, Aug. 13,
2024 /PRNewswire/ -- Aliaxis SA, a world leader
enabling access to water and energy through innovative fluid
management solutions, today announced that it has signed a
definitive agreement to acquire the manufacturing assets of the
Johnson Controls CPVC pipe and fittings business for residential
and light commercial sprinkler systems.
This acquisition affirms our commitment to our North American
growth strategy. Aliaxis is bolstering its product range with a
more comprehensive portfolio in fire suppression systems for
residential and light commercial applications. The acquisition will
be part of IPEX, Aliaxis' leading brand in the region.
Located in Huntsville, Alabama,
this acquisition further expands Aliaxis' presence in the
Southern United States. Today, the
1985-established pipe and fittings business generates an annual
revenue of approximately $100m and
employs over 100 people.
Thierry Vanlancker, Manager
Director of Aliaxis says: "This acquisition makes great
sense for us. It is another step in providing more complete
customer solutions in our product portfolio across the United States and brings extra potential
for Aliaxis."
Alex Mestres, Aliaxis' Divisional
CEO Americas also comments: "We are thrilled to welcome the CPVC
pipe and fittings team of Johnson Controls. This acquisition
provides us with a unique opportunity to expand our offering and
continue to be the partner of choice for our national
customers."
The deal is subject to customary closing conditions. Both
parties anticipate a completion of the transaction over the coming
weeks. The financial details of this acquisition will not be
disclosed.
About Aliaxis
At Aliaxis, we design
sustainable, easy to install, and innovative solutions to address
the world's water challenges and
accelerate the transition to clean energy. Thanks to our 15,000+
employees, our pipes and fitting systems meet our
customers' most demanding needs for the
building, infrastructure, industrial and agriculture sectors.
Operating in over 40 countries, the Company is active through
leading local brands and generated €4.1 billion revenue in 2023.
More information available on
www.aliaxis.com.
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SOURCE Aliaxis