Atkore acquires Calpipe Industries, terms not disclosed
Atkore International Group announced that it has acquired Calpipe Industries, a market leader for electrical conduit systems for corrosive environments and security bollards for high security, access control and architectural environments. "We're excited to have Calpipe join the Atkore family and provide enhancements to our product portfolio with stainless steel and PVC coated conduit systems that provide superior corrosion protection," commented Bill Waltz, Group President-Electrical Raceway at Atkore. "This transaction will add approximately $70 million in annual revenue at margins accretive to Atkore. More importantly, it exemplifies our commitment to continue offering premier electrical products that meet varying customers' needs in an ever-changing marketplace." Calpipe Industries is headquartered in Rancho Dominquez, California and will continue operating at their current locations under their flagship name. Terms of the sale are undisclosed.