Aliaxis to acquire Johnson Controls’ CPVC pipe & fittings business
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Aliaxis SA 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.
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.”
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.
