Advanced Drainage Systems — a manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications — announced the acquisition of Infiltrator Water Technologies — a manufacturer of products for the water and wastewater industries — for a purchase price of approximately $1.08 billion, from an affiliate of the Ontario Teachers’ Pension Plan and other stockholders.
Two leading, century-old companies bring added support to fire protection customers, industry.
Effective July 8, 2019, Victaulic has purchased Globe Fire Sprinkler. Combined, these two respected companies will have the resources and capabilities to bring exciting new solutions to the fire protection industry around the world, Victaulic notes.
Jason Hild, who served as CEO of SCI, will be the CEO of the combined company, and Tom Fish, who served as President and CEO of Anvil, will act as its chairman.
Boasting combined revenue of more than $8.5 billion, 138 members and 1,450 locations across the continental United States, this new group will become, by revenue, the largest plumbing group in the country.
Anvil International (“Anvil”), a global designer, manufacturer and provider of high-quality products that connect and support piping systems, and Smith-Cooper International (“SCI”), a global designer and provider of branded, high-quality pipes, valves, and fittings, announced on April 26, they have entered into a definitive agreement to merge.
