Georg Fischer acquires

Georg Fischer has agreed to acquire Harvel Plastics Inc. Georg Fischer is to acquire 100% of the issued and outstanding shares of Harvel Plastics Inc. in Easton (Pennsylvania, USA) for approximately USD 50 million in cash. The company is the leading supplier in the North American market of polyvinyl (PVC) and chlorinated polyvinyl (CPVC) pipes for industrial applications.
The top quality products of Harvel are mainly used in water treatment and chemical processes. Closing of the acquisition is anticipated for the beginning of 2012. Harvel Plastics Inc., a subsidiary of the Detrex Corporation of Southfield Michigan, was founded in 1964 as a pioneer in the manufacture of PVC and CPVC pipes. The company generates sales of more than USD 60 million and employs 148 people. Its production sites are located in Easton (Pennsylvania) and Bakersfield (California). The product ranges of Harvel and GF Piping Systems are fully complementary and will allow the combined entity to offer a comprehensive package of pipes, fittings, valves, sensors and instrumentation to all its industrial piping systems customers. In addition, the plant locations of Harvel in Pennsylvania and California together with Georg Fischers Arkansas facility will allow for a much better logistical coverage of the US territory.
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