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Aliaxis will invest over Rs 550 crore in India to expand Ashirvad Pipes capacity by 30% through greenfield and brownfield projects, including new plants in Hyderabad and Chennai and upgrades in Cuttack and Durgapur.
Aliaxis signed a definitive agreement on August 13, 2024 to acquire the manufacturing assets of Johnson Controls' CPVC pipe and fittings business for residential and light commercial sprinkler systems, located in Huntsville, Alabama, with annual revenue of about $100 million. Financial terms were not disclosed.
Aliaxis plans to invest about €28 million in Australian factories, including a new Toowoomba 2 plant near Brisbane for stormwater drainage products, with production lines starting from Q3 2024.
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.
Aliaxis is investing €14 million to transform its Philmac pipe fittings plant in North Plympton, Adelaide, raising capacity by 40% with automation, with full operation expected in 2025.
Aliaxis announced plans to build a €48 million greenfield manufacturing plant in Telangana, India, creating about 500 jobs, with production expected in 2024.
Ashirvad Pipes of Aliaxis Group agreed with the Telangana government to build a greenfield plant with a Rs 500 crore investment to make plastic pipes, fittings and accessories. The project is expected to create over 500 jobs.
IPEX, part of Aliaxis, signed a stock purchase agreement on January 19, 2022 to acquire all shares of Virginia-based Harrington Corporation (HARCO), a manufacturer of gasketed fittings; completion is expected within weeks pending regulatory approval.
ITT Inc has completed its acquisition of the Rheinhütte Pumpen Group, a German pump maker. The deal was previously reported in February 2019.
Aliaxis signed an agreement to divest pump maker Rheinhütte Pumpen to ITT Inc. for a cash consideration of about €80.5 million. The deal is expected to close in the second quarter of 2019, subject to regulatory approvals.
Aliaxis Group sold SED Flow Control GmbH, a valve maker based in Bad Rappenau, Germany with 100 employees, to Samson AG. EC M&A advised Aliaxis on the deal, and no value was disclosed.
