Category

Countries

Aliaxis Acquires CPVC Pipe and Fittings Segment from Johnson Controls
Aliaxis Acquires CPVC Pipe and Fittings Segment from Johnson Controls

Aliaxis Acquires CPVC Pipe and Fittings Segment from Johnson Controls

  • 20-Aug-2024 4:42 PM
  • Journalist: Yage Kwon

Aliaxis SA, a global leader in fluid management solutions for water and energy, has announced a definitive agreement to acquire the manufacturing assets of Johnson Controls' CPVC pipe and fittings business, which specializes in residential and light commercial sprinkler systems. This move is a key part of Aliaxis’ strategy to expand its North American footprint and enhance its product portfolio. The acquisition, which will integrate into Aliaxis’ leading regional brand, IPEX, strengthens the company's offerings in fire suppression systems for residential and light commercial uses.

The Johnson Controls business, established in 1985 and located in Huntsville, Alabama, generates around $100 million in annual revenue and employs over 100 staff. This acquisition marks a significant expansion of Aliaxis' presence in the Southern United States. Thierry Vanlancker, Managing Director of Aliaxis, emphasized the strategic value of this acquisition, noting it enhances their ability to offer comprehensive solutions across the U.S. and unlocks additional potential for growth.

Alex Mestres, Divisional CEO Americas at Aliaxis, expressed enthusiasm about welcoming the CPVC pipe and fittings team from Johnson Controls, highlighting the opportunity to broaden their product range and solidify their position as a preferred partner for national customers. The deal is contingent upon customary closing conditions and is expected to be finalized in the coming weeks.

Aliaxis develops sustainable, user-friendly, and innovative solutions to tackle global water challenges and drive the shift towards clean energy. With over 15,000 employees, Aliaxis delivers advanced pipes and fitting systems designed to meet the complex demands of the building, infrastructure, industrial, and agricultural sectors. The company operates in more than 40 countries, leveraging prominent local brands to serve a diverse customer base. In 2023, Aliaxis achieved a revenue of €4.1 billion, reflecting its significant impact and commitment to addressing critical needs in water management and energy efficiency. Aliaxis is enhancing the sustainability of its operations while addressing some of the globe's most urgent water and climate issues. The company's mission is to provide solutions for global water challenges and to advance the shift towards clean energy. Aliaxis is focused on accelerating innovation to develop new solutions that address the needs of both customers and consumers.  In 2021, Aliaxis introduced its Growth with Purpose strategy, which emphasizes taking urgent action through 2025 to achieve immediate results while setting the stage for long-term success. This strategy is centered around three key priority areas. Aliaxis serves four key segments: Building, Industry, Infrastructure, and Agriculture.

Related News

Lubrizol Announces Major Land Acquisition to Build Its Largest Indian Manufacturing Facility
  • 01-Aug-2024 7:48 PM
  • Journalist: Bob Duffler
Anti-dumping duty extended on Indian CPVC imports from South Korea and China
  • 07-Jun-2024 6:06 PM
  • Journalist: Jung Hoon
German CPVC Prices Increase as Demand from Eurozone Recovers
  • 26-Mar-2024 5:52 PM
  • Journalist: Emilia Jackson
Supply Disturbances Drives CPVC Prices in Mexico Amidst Demand Improves
  • 08-Jan-2024 6:47 PM
  • Journalist: Nicholas Seifield