Atkore Inc. announced the acquisition of the assets of Elite Polymer Solutions, a manufacturer of High Density Polyethylene (HDPE) conduit, primarily serving telecommunications, utility, and transportation markets for a purchase price of $91.6 million.
“The acquisition of Elite Polymer Solutions strengthens our HDPE conduit product portfolio, expands our national presence and enables us to better serve increased demand for underground protection in the electrical, utility and telecom industries,” said John Pregenzer, President of Atkore’s Electrical business.
Bill Waltz, Atkore President and CEO, noted, “Atkore remains diligent in executing upon our capital allocation strategy to drive value creation for our shareholders through organic investments, M&A and stock repurchases.”
Elite Polymer Solutions is headquartered in Lovelady, Texas, with approximately 55 employees. It will continue operating at its current location.
