Aliaxis SA, a global leader in the manufacturing and distribution of advanced plastic piping systems, and its North American subsidiary IPEX have announced today an agreement to acquire Silver-Line Plastics, a US leader in the manufacturing of plastic pipe products.
The sale is subject to conditions precedent and regulatory approval. Both parties agree not to disclose the price and terms of the deal and anticipate a completion of the transaction over the coming weeks.
“Consistent with our strategy, this acquisition strengthens our leadership position in North America, expands our footprint and reinforces our value proposition in the United States” says Laurent Lenoir, Aliaxis CEO.
“Like IPEX, Silver-Line has a strong reputation in the marketplace for being customer focused and supplying high quality products”, says Alex Mestres, Divisional CEO-Aliaxis Americas. “We are excited about the opportunities that our complementary businesses will offer our expanded customer base and look forward to welcoming the Silver-Line employees to our family.”