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Aliaxis is strengthening its position as an industrial pipes and fittings leader through the acquisition of Lareter, an Italian leader in the pressure pipes market used in water treatment and other industrial end-markets such as swimming pools or ship building. It has a strong market presence in Europe: Italy, France, Germany and across the region.
Founded 60 years ago, the company generates an annual turnover of roughly €40 million and employs 80 people in its Fiesso Umbertiano plant located in the Veneto region of Northern Italy.
This acquisition is an important step in delivering on Aliaxis’ Growth with Purpose strategy by reinforcing the company’s core strength in Europe.
The financial details of this agreement will not be disclosed.
