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Atkore Inc. has acquired the assets of Four Star Industries, a producer of HDPE conduit serving telecommunications and utility markets. This acquisition enhances Atkore's product portfolio, allowing the company to tap into growing areas such as broadband and renewable energy.
Four Star Industries, based in Allendale, South Carolina, employs around 30 people and will maintain its operations at the current site. Financial terms of the acquisition remain undisclosed. This strategic move aligns with Atkore's goal to support recent infrastructure investments.
Positive
Acquisition expands Atkore's product portfolio.
Enhances Atkore's position in broadband and renewable energy markets.
Supports infrastructure legislation through expanded capabilities.
Negative
None.
HARVEY, Ill.--(BUSINESS WIRE)--
Atkore Inc. (“Atkore”) (NYSE: ATKR), today announced the acquisition of the assets of Four Star Industries, a manufacturer of ½” – 6” High Density Polyethylene (HDPE) conduit, primarily serving the telecommunications, utility, infrastructure and datacom markets (www.fourstarind.com).
“The acquisition of Four Star Industries meaningfully expands Atkore’s product portfolio and enables us to serve growing markets such as broadband and renewable energy,” commented John Pregenzer, President of Atkore’s Electrical business. “With this acquisition, Atkore continues to improve our position to support the recent infrastructure legislation by delivering solutions to meet nationwide investments.”
Four Star Industries is headquartered in Allendale, South Carolina with approximately 30 employees. It will continue operating at its current location. Terms of the sale are undisclosed.
About Atkore Inc.
Atkore is forging a future where our employees, customers, suppliers, shareholders and communities are building better together – a future focused on serving the customer and powering and protecting the world.
With a global network of manufacturing and distribution facilities worldwide, Atkore is a leading provider of electrical, safety and infrastructure solutions.
