Atkore Inc. today announced the acquisition of United Poly Systems, a manufacturer of High Density Polyethylene (HDPE) pressure pipe and conduit serving the telecom, water infrastructure, renewables, and energy markets.
We are pleased to complete the acquisition of United Poly Systems, which strengthens Atkore’s product portfolio, expands our manufacturing capacity and further enables us to meet HDPE customers’ needs, HDPE pipe and conduit is a growing market that is expected to benefit from U.S. 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.”
John Pregenzer, President of Atkore’s Electrical business.
The acquisition of United Poly Systems advances our objective announced in November 2021 to deploy more than $1 billion in cash toward capital expenditures and other organic investments, M&A and stock repurchases over the next two to three years to drive growth and enhance value for shareholders. United Poly Systems exemplifies our approach to acquiring strong businesses in key end markets that will enable us to maintain and expand our leadership position in the marketplace.”
Bill Waltz, Atkore President and CEO.
The company notes that United Poly Systems is the company's fourth acquisition in Fiscal Year 2022 and has invested more than $250 million in M&A over the last six months.
United Poly Systems employs approximately 160 people at its manufacturing facilities in Springfield, Missouri and Albuquerque, New Mexico. It will remain open at both locations. Industrial Opportunity Partners, an operations-focused private equity firm based in Evanston, Illinois, previously owned United Poly Systems.