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Swiss GF closed its tender offer for Finnish-listed Uponor on 13 November 2023, combining building technology businesses into a new GF Uponor division and moving infrastructure into GF Piping Systems.
The European Commission granted unconditional merger clearance for Georg Fischer's voluntary public cash tender offer for all outstanding Uponor shares at EUR 28.50 per share. US antitrust waiting period had already expired, and completion is pending.
Aliaxis, through its Finnish subsidiary Unari Holding Oy, announced on 22 May 2023 a voluntary all-cash public tender offer at EUR 25.75 per share for all Uponor shares. The offer is conditional on acceptance above 50 percent and is expected to complete in early Q4 2023.
Uponor signed an agreement to buy the remaining 44.7% stake in its subsidiary Uponor Infra Oy from KWH Group for about €60 million, raising its ownership from 55.3% to 100%. Closing is expected in the third quarter of 2023 after regulatory approvals.
Uponor North America opened a $5.5 million, 25,000 sq ft expansion of its Hutchinson, Minnesota facility, raising PEX-a pipe extrusion capacity by more than 10%.
Uponor, Inc. is expanding its Apple Valley, Minnesota manufacturing facility with an investment of EUR 16 million ($18 million), adding about 8,175 m2 of manufacturing and office space with equipment.
Uponor has started PEX pipe production in a 237,000-square-foot facility in Hutchinson, Minnesota, which it bought for $6.35 million in 2017, and will hold its grand opening ceremony.
Uponor North America began producing PEX plastic pipe at its newly purchased 237,000-square-foot Hutchinson plant, six months ahead of the original 2019 schedule. The $6.35 million investment was announced in July 2017.
Uponor North America has signed an agreement to buy a 237,000 sq ft manufacturing facility in Hutchinson, Minnesota, from Hutchinson Technology/TDK for $6.35 million to make PEX pipe. Operations are expected by early 2019.
Uponor announced in May 2017 a $17.4 million expansion of its Apple Valley, Minnesota manufacturing facility, expected to be completed by January 2018.
