Announced
Completed
Financials
Sources
Tags
Majority
Domestic
Acquisition
Friendly
United States
Single Bidder
Private
Plastics
Completed
plastics manufacturer
Synopsis
Atkore, a manufacturer and distributor of electrical, mechanical, and safety infrastructure solutions, completed the acquisition of United Poly Systems, a producer of high density polyethylene pipes. Financial terms were not disclosed. "The acquisition of United Poly Systems advances our objective announced in November 2021 to deploy more than $1bn in cash toward capital expenditures and other organic investments, M&A and stock repurchases over the next two to three years to drive growth and enhance value for shareholders. United Poly Systems exemplifies our approach to acquiring strong businesses in key end markets that will enable us to maintain and expand our leadership position in the marketplace," Bill Waltz, Atkore President and CEO.
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