Aliaxis announces successful closing of the acquisition of Vinidex in Australia
Aliaxis announces the successful closing of the transaction to acquire Metal Manufactures Limited’s wholly owned subsidiary Vinidex Pty Limited, a leading Australian manufacturer of PVC and Polyethylene piping systems with state-of-the-art manufacturing facilities and distribution network across Australia. As a result of this acquisition, Aliaxis’ revenues are expected to increase by approximately € 340 million on an annual basis and its Australasian division will represent around one fifth of the Group’s global sales. Vinidex will be consolidated as of August 1st, 2014.
For more information, please read the press release:
Vinidex is Australia’s leading manufacturer and supplier of thermoplastic pipe and fittings systems for the transportation of fluid, data and energy. Established in 1960, Vinidex has an enviable reputation built on product quality, customer service, innovation and performance. Vinidex is considered a leader in environmental performance and sustainability with material efficient product design, energy efficient production and recycling programs which process end of life pipe back into new pipe products.
Employing approximately 600 staff in 9 manufacturing plants and 10 distribution centres located throughout Australia, Vinidex manufactures PVC, Polyethylene and Polypropylene pipe systems from 15 mm to 1000 mm in diameter. Vinidex pipe and fittings systems are used in a broad cross-section of applications including plumbing, water supply, sewerage, drainage, mining, industrial, irrigation, gas, electrical, power and telecommunications. Vinidex has extensive logistics experience with major projects and a proven track record for project delivery.
More on www.vinidex.com.au
Aliaxis is a global leader in advanced plastic piping systems for building, infrastructure, industrial and agriculture applications. The company provides communities around the world with sustainable innovative solutions for water and energy, leading the industry in a way that anticipates the rapidly evolving needs of its customers and of society. With a global workforce of about 16,000 employees, Aliaxis offers specific solutions that meet our customers’ most demanding needs across the globe. Aliaxis is active through leading local brands and operating in over 45 countries, combining local solutions with global innovation and operational excellence. The company is privately owned, with its global headquarters in Brussels, Belgium.
More on www.aliaxis.com