On Feb. 1, NIBCO announced it acquired Matco-Norca and its subsidiary SVF Flow Controls.
NIBCO Chairman Rex Martin stated, “This acquisition supports our strategic long-range goal of growth through acquisition, expanding our market reach and providing customers with access to a broader portfolio of products.This is an extraordinary time in NIBCO’s evolving history.”

The Carrier and Viessmann boards of directors have each approved the acquisition, which is expected to close around the end of 2023, subject to customary closing conditions and regulatory approvals.

The plumbing industry is a stable industry. There is never a shortage of people who need plumbing work on their homes, businesses or apartment complexes, and this constant demand makes owning your own plumbing company an appealing opportunity for many prospective buyers. However, starting your own company from the ground up can be difficult.

With this acquisition, Victaulic has added over 1.4 million square feet of foundry and manufacturing capacity in North America since 2011. 

Legacy has partnered with 28 brands since 2021.

Founded in 1994, Plains is a full-service boiler company providing sales, service installation and repair of boilers, pressure vessels, piping systems, and industrial combustion applications.

Late last year, LIXIL made headlines when it announced the acquisition of Basco, a U.S.-based shower door manufacturing company.

Many U.S. businesses across a variety of sectors have experienced new challenges over the last year — this is particularly true for those in the mechanical, engineering, and plumbing (MEP) industries. In early 2022, the MEP sector saw labor shortages and supply chain disruptions lead to increased labor and material costs, while later in the year and early into 2023, businesses are experiencing slowing demand for building and renovation. Unsurprisingly, this dynamic has culminated in constantly fluctuating profit margins for many MEP business owners.

 As 2022 comes to a close it is now time to review my predictions from last year as well as predict ten more trends I see as we enter 2023. Just like last year, I will stay away from prognosticating about where the stock market will be at this end of the year; instead, I will stick to identifying trends that supply houses will find important in this upcoming year. With all that being said, let's jump right in and review my 2022 predictions.

Matco-Norca will continue to operate separately as a wholly-owned subsidiary of NIBCO INC., and its leadership team will remain in place.