Just over a year after we acquired Lareter, Italy’s leading maker of pressure pipes, the company has been successfully integrated into the Aliaxis family, surpassing our expectations. The acquisition has bolstered our Italian operations, not least FIP.

Lareter’s products are designed primarily for use in water treatment solutions and are also used in a number of industrial markets including swimming pools. It has built a strong customer base in Italy, France and Germany.

We bought the company in December 2022 to reinforce our core strength in Europe’s industrial market, in the process meeting a key aim of our Growth with Purpose strategy – to offer customers complete solutions across our product portfolio.

In the year since the acquisition, we’ve moved quickly to bring the business fully on board, underlining our ability to identify and integrate great businesses. It is performing above plan and continuing to win important projects.

A great example is work the company is doing in the Abruzzo region on a significant irrigation project, replacing old metal pipe work with some 6,472 metres of PVC pipe, working with our construction customer, I Platani.

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