Atkore Announces Acquisition of United Poly Systems – Form 8-K
Atkore Inc. Announces Acquisition of United Poly Systems
Harvey, Illinois, June 21, 2022/Business Wire/ — Atkore Inc. (the “Company” or “Atkore”) (NYSE: ATKR), today announced the acquisition of United Poly Systems, a manufacturer of high density (HDPE) pressure pipes and conduits, primarily serving the telecommunications, water infrastructure, renewable energy and energy markets (www.unitedpolysystems.com/).
“We are pleased to complete the acquisition of United Poly Systems, which strengthens Atkore’s product portfolio, expands our manufacturing capability and enables us to better serve HDPE customer needs,” said John Pregenzer, President of Atkore. Atkore’s electrical business. “HDPE pipe and conduit is a growing market that stands to benefit from US infrastructure legislation, and United Poly Systems is a great addition to Atkore. We welcome these employees and look forward to working together to continue to serve and support our customers.
Bill Waltz, President and CEO of Atkore, added, “The acquisition of United Poly Systems advances our goal announced in November 2021 to deploy over $1 billion in cash for capital and other expenditures. organic investments, mergers and acquisitions and share buybacks over the next two to three years. years to drive growth and enhance shareholder value. United Poly Systems exemplifies our approach to acquiring strong businesses in key end markets that will allow us to maintain and expand our market leadership position.
The company notes that United Poly Systems is the company’s fourth acquisition in fiscal 2022 and that in the last six months the company has deployed more than $250 million in mergers and acquisitions.
United Poly Systems has manufacturing sites in Springfield, Missouri and Albuquerque, New Mexico with approximately 160 employees. It will continue to work on both sites. United Poly Systems was formerly owned by Industrial Opportunity Partners, an operations-focused private equity firm based in Evanston, Illinois.
About Atkore Inc.
Atkore is forging a future where our employees, customers, suppliers, shareholders and communities build better together – a future focused on serving the customer and feeding and protecting the world.
With a global network of manufacturing and distribution facilities around the world, Atkore is a leading provider of electrical, security and infrastructure solutions.
For more information, visit www.atkore.com.