Aliaxis SA, a global manufacturer and distributor of advanced piping systems, announced that it has signed an agreement to acquire Harco, a producer of fittings located in Virginia.
This move is part of Aliaxis’ “Growth with Purpose” strategy. Through this acquisition, Aliaxis further expands its presence in the United States. Harco, a U.S. manufacturer of gasketed fittings, brings more than 55 years of industry expertise. Harco’s annual revenues were roughly $75 million in 2021. The transaction is subject to customary regulatory approval.
“Harco is a well-established brand in municipal, irrigation and agriculture end-markets," said Aliaxis CEO Eric Olsen. "With this acquisition, we will continue to strengthen our presence in the US. Harco will be part of IPEX, Aliaxis’ leading brand in the region, and will result in an expanded product portfolio to a broader customer base. We are pleased to welcome Harco to the Aliaxis family.”