news
Uponor invests $18m to expand PEX facility in US
Uponor is to expand produc- tion in the US by investing in its facility in Apple Valley, Minnesota. The company is making an $18 million investment to expand production of cross- linked polyethylene (PEX) pipe at the plant. The extra 88,000 sq ft will accommodate new equipment and office space. Construction is expected to be finished by the end of the year. The company’s North
American headquarters are also located in Apple Valley, while it has a distribution centre and resin-processing centre in nearby Lakeville. By year-end, the company’s
footprint will amount to more than 650,000 sq ft in the area – on 50 acres of total property. The expansion is needed in
order to meet estimated growth for PEX tubing in plumbing, fire sprinkler, radiant heating and cooling and hydronic piping systems used in residential and commercial structures. “It’s an exciting time in the building industry, especially after the downturn we experienced just a few years ago,” said Bill Gray, Uponor North America president. “We’re seeing significant growth in commercial and residential construction, and
this expansion will ensure we match forecast growth and demand for our PEX systems.” Uponor has added more than 130 new jobs in the area over the past three years – taking the total to around 500 – and expects to add more following the expansion. This year marks the compay’s 25-year anniversary in Apple Valley.
Uponor CEO and president Jyri Luomakoski added: “Our North American region has consistently boosted profits and seized market share, both in the residential commercial segments.” ❙
www.uponor-usa.com
Uponor will expand its North American plant by 88,000 sq ft
Eurocell to float in London
Eurocell, a UK manufac- turer and distributor of PVC window, door and roof products, is to float on the London Stock Exchange. The company generated
sales of £173.1 million in 2014, and EBITDA of £26.1m. The profiles division accounted for 42% of sales, and the building plastics division 58%. Patrick Bateman, CEO of
Eurocell, said: “Over the last few years, Eurocell has developed a leading UK position in window, door and roofline PVC products. This is supported by our national network of branded branches. This has enabled us to deliver adjusted EBITDA growth of 57.0% and 70.8% for the year ended 31 December 2013 and 2014, respectively.” Eurocell was founded in the UK in 1974. It was owned by Tessenderlo of Belgium between 2008 and 2013 – when it was acquired by H2 Equity Partners. ❙
www.eurocell.co.uk
Advanced Drainage Systems makes Ideal move
Advanced Drainage Systems (ADS), a global manufacturer of corrugated pipe, has acquired Ideal Pipe of Canada for CAN$56.8 million (US$45.7m). Ideal, which makes HDPE
pipe and related accessories, had sales of CAN$43m (US$34.5m) for the last 12 months.
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“The acquisition of Ideal Pipe further strengthens our position in Canada by increas- ing our size and scale in the market, and enhancing our manufacturing, marketing and distribution capabilities,” said Joe Chlapaty, chairman and CEO of ADS.
“This puts us in a stronger PIPE & PROFILE EXTRUSION | March 2015
competitive position compared to manufacturers of concrete, steel and PVC pipe.” With the acquisition, ADS
increases its Canadian manufacturing footprint from two to five facilities. Ideal has manufacturing plants in Western Ontario, Eastern Ontario and Manitoba,
adding to existing ADS factories in Ontario and Quebec. The acquisition also extends
the combined company’s Canadian field sales and engineering staff, allowing ADS to leverage products like its Allied line through Ideal’s sales network. ❙
www.ads-pipe.com
www.pipeandprofile.com
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