The sale is subject to conditions precedent and regulatory approval. Both parties agree not to disclose the price and terms of the deal and anticipate a completion of the transaction over the coming weeks.
“Consistent with our strategy, this acquisition strengthens our leadership position in North America, expands our footprint and reinforces our value proposition in the United States” says Laurent Lenoir, Aliaxis CEO.
“Like IPEX, Silver-Line has a strong reputation in the marketplace for being customer focused and supplying high quality products”, says Alex Mestres, Divisional CEO-Aliaxis Americas. “We are excited about the opportunities that our complementary businesses will offer our expanded customer base and look forward to welcoming the Silver-Line employees to our family.”