An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Atkore has acquired United Poly Systems, a manufacturer of High Density Polyethylene (HDPE) pressure pipe, enhancing its product portfolio and manufacturing capacity. The acquisition aligns with Atkore's strategy to invest over $1 billion within the next few years, aiming to capitalize on growth opportunities in HDPE markets, driven by U.S. infrastructure legislation. This marks Atkore's fourth acquisition in FY 2022, with over $250 million allocated to M&A in the last six months, indicating strong commitment to expansion in key markets.
Positive
Acquisition of United Poly Systems strengthens Atkore's product portfolio.
Enhances manufacturing capacity for HDPE products.
Supports growth strategy with over $1 billion planned for investments.
Fourth acquisition in FY 2022, showcasing aggressive expansion in key markets.
Negative
None.
HARVEY, Ill.--(BUSINESS WIRE)--
Atkore Inc. (the “Company” or “Atkore”) (NYSE: ATKR), today announced that it has acquired United Poly Systems, a manufacturer of High Density Polyethylene (HDPE) pressure pipe and conduit, primarily serving telecom, water infrastructure, renewables, and energy markets (www.unitedpolysystems.com/).
“We are pleased to complete the acquisition of United Poly Systems, which strengthens Atkore’s product portfolio, expands our manufacturing capacity and further enables us to meet HDPE customers’ needs,” stated John Pregenzer, President of Atkore’s Electrical business. “HDPE pipe and conduit is a growing market that is expected to benefit from U.S. infrastructure legislation, and United Poly Systems is a great addition to Atkore. We welcome these employees and look forward to working together to continue to serve and support our customers.”
Bill Waltz, Atkore President and CEO, added, “The acquisition of United Poly Systems advances our objective announced in November 2021 to deploy more than $1 billion in cash toward capital expenditures and other organic investments, M&A and stock repurchases over the next two to three years to drive growth and enhance value for shareholders. United Poly Systems exemplifies our approach to acquiring strong businesses in key end markets that will enable us to maintain and expand our leadership position in the marketplace.”
The Company notes that United Poly Systems is the Company’s fourth acquisition in Fiscal Year 2022, and over the past six months, the Company has deployed more than $250 million dollars towards M&A.
United Poly Systems has manufacturing locations in Springfield, Missouri, and Albuquerque, New Mexico with approximately 160 employees. It will continue operating at both locations. United Poly Systems was previously owned by Industrial Opportunity Partners, an operations-focused private equity firm based in Evanston, Illinois.
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.
Lisa Winter Vice President - Communications
Atkore Inc. 708 225-2453
John Deitzer Vice President – Investor Relations & Treasury Atkore Inc. 708 225-2124
Source: Atkore Inc.
FAQ
What is the significance of Atkore's acquisition of United Poly Systems?
The acquisition strengthens Atkore's product offerings and manufacturing capacity in the HDPE market, aligning with growth strategies influenced by U.S. infrastructure investments.
How much has Atkore invested in mergers and acquisitions recently?
Atkore has deployed over $250 million towards M&A in the last six months, with a commitment to invest more than $1 billion in growth initiatives over the next few years.
When was the acquisition of United Poly Systems completed?
The acquisition was announced on June 22, 2022, and is part of Atkore's ongoing strategy to enhance its market position.
Where are United Poly Systems' manufacturing facilities located?
United Poly Systems operates manufacturing facilities in Springfield, Missouri, and Albuquerque, New Mexico.
