In December 2022 we acquired Lareter, an Italian leader in the pressure pipes market, marking another important step in our Growth with Purpose strategy to reinforce our core strength in the industrial market in Europe.

With a 60-year history and annual revenues of some €40 million, Lareter’s products are designed for use in water treatment and other industrial end markets such as swimming pools and ship building.

This fantastic business serves customers across Europe but has a particularly strong market position in Italy, France and Germany, employing 80 people at its Fiesso Umbertiano plant in the Veneto region of Northern Italy.

The acquisition is in line with our strategic goal to offer complete customer solutions across our entire product portfolio.

The transaction will allow us to offer a wider range of advanced solutions in the industrial segment, starting with water treatment.

Welcoming such a well-established business to the Aliaxis family will fully support our existing business in Italy, not least FIP, our world leading valve and fittings brand, and more widely across Europe.

The acquisition of Lareter, a leader in Italy’s industrial sector, enables us to offer complete customer solutions.

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