BRUSSELS — Expanding its presence in the South, Aliaxis said today it has acquired the manufacturing assets of the Huntsville-based 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,” the Belgian company said in a news release. 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.
“This acquisition makes great sense for us,” said Manager Director Thierry Vanlancker. “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 Johnson Controls CPVC pipe and fittings business in Huntsville generates an annual revenue of approximately $100 million and employs more than 100 people, Aliaxis said.
“We are thrilled to welcome the CPVC pipe and fittings team of Johnson Controls,” said Alex Mestres, Aliaxis’ Divisional CEO Americas. “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.
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