2 Oct 2017
Atkore International® Group Inc. (“Atkore”), today announced that it has acquired Calpipe Industries®, LLC., a market leader in electrical conduit systems for corrosive environments and security bollards for high security, access control and architectural environments (www.calpipe.com).
“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.”
Dan Markus, Founder, and CEO of Calpipe Industries® added, “For the past 20 years, Calpipe employees have been focused on building strong brands with differentiated products, providing exceptional customer service and ensuring timely delivery. I’m proud our accomplishments were recognized by Atkore and will be valued contributions to helping achieve their mission.”
Mr. Waltz confirmed that Dan Markus will stay with the company as a strategic advisor, and Mr. Gary Lessing will continue as President-Calpipe Industries®. Both individuals will support Mr. Waltz and the Atkore organization’s focus on serving electrical raceway customers.
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.