Reece Group, the holding group for a range of innovative engineering companies, acquired Todd Pipe & Supply, a plumbing supply wholesaler serving Southern California, for $160m. Peter Wilson, CEO and Managing Director of the Reece Group said of the acquisition, “Todd Pipe is an example of us acting on opportunities to consolidate the fragmented plumbing market in the US Sun-Belt region. We acquired MORSCO last year to create a growth platform for the Group, and we will do this through organic, and considered in-organic opportunities as they arise.”