Aliaxis, a company that designs and manufactures plastic piping systems, completed the acquisition of Valencia Pipe, a company that specializes in manufacturing high quality pipe, for $250m. “The acquisition of the manufacturing division of Valencia is a perfect illustration of our Growth with Purpose strategy. It reflects our strong focus on customers first and our ability to seize relevant growth opportunities. Valencia’s plastic pipe and fittings manufacturing division provides a highly complementary geographic and product fit with IPEX, our leading brand in North America,” Eric Olsen, Aliaxis CEO.