Atkore International Inc. Acquires Heritage Plastics, Ridgeline Pipe Manufacturing
Atkore International Inc. (“Atkore”) announced on October 7, 2013, that it has entered into a definitive agreement to acquire the assets of Ridgeline Pipe Manufacturing (owned by EP Lenders II LLC), a U.S. manufacturer of electrical PVC conduit, fittings, elbows, as well as irrigation pressure and sewer/drain pipe products (www.ridgelinepipe.com).
“We’re excited about the acquisition of Ridgeline, which expands our PVC product portfolio” commented Bill Waltz, President of Atkore’s Plastic Pipe & Conduit business unit. “Ridgeline’s strong customer relationships, focus on service and market presence in the Northwest complement Atkore’s capabilities and enhances our ability to deliver comprehensive electrical raceway solutions nationwide.”
Ridgeline Pipe employs nearly 100 full-time and temporary workers at its Eugene, Oregon facility, which has the capability to operate 24 hours a day, 7 days a week to meet customer demand. The Ridgeline Pipe facility will continue operations at its current location.
Mike Stickel, Chief Executive Officer of Ridgeline said, “Atkore is a strong company with a commitment to being a leader in the PVC market. We’re pleased Ridgeline’s contributions will help Atkore achieve this strategic growth opportunity.”
In addition, on September 16, 2013, Atkore International Inc. announced that it has entered into a definitive agreement to acquire the assets of the Heritage Group of companies, a leading U.S. manufacturer of PVC conduit, fittings, elbows, as well as plumbing pipe products (www.heritageplastics.com).
“We’re committed to expanding our core capabilities in conduit by becoming the leader within the PVC industry -- as first evidenced by the recent appointment of Bill Waltz as president of our Plastic Pipe & Conduit business,” said John Williamson, President and Chief Executive Officer of Atkore International. “The acquisition of Heritage Plastics complements our existing PVC product portfolio, expands our market presence nationwide, and enhances the total suite of value-added solutions for our electrical raceway customers.”
In total, the Heritage Group employs nearly 300 employees across its locations: Heritage Plastics Inc. in Carrollton, Ohio and Tampa, Florida; Heritage Plastics Central Inc. in Weatherford, Texas; and Heritage Plastics West Inc. in Milford, Utah. All facilities have capabilities to operate 24 hours a day, seven days a week to meet customer demand.
Charles McCort, founder and co-owner of Heritage Plastics said, “We have grown as a market leader through our entrepreneurial spirit and industry experience, which has been recognized and rewarded. We are proud of our company’s accomplishments to date and look forward to participating in the future growth of the Plastic Pipe & Conduit business at Atkore.”
All facilities of the Heritage Group of companies will continue operating at their current locations. Terms of the sales of both companies are undisclosed.