Viega Inc. (USA) signed an agreement to acquire Vanguard Piping Systems and Midtec Inc. (McPherson, Kan.). The transaction was expected to close mid-October. It is estimated that the combined companies will increase to a 23 percent market share in the U.S. PEX plumbing and heating market.
Vanguard recently posted 2004 PEX pipe sales of $115 million. Vanguard and Midtec's branded product offerings includes the MANABLOC water distribution system and Vanex Ultra PEX tubing.