Mergers & Acquisitions
Original Press Release
Victaulic Announces Acquisition of AquaFlex USA
Press release date: July 16, 2009
EASTON, Pa. - July 16, 2009 - Victaulic, the leading global producer of mechanical pipe joining and fire protection systems, announced today it has purchased AquaFlex USA, a leading provider of flexible connections for sprinkler heads. "We believe Victaulic has a lot to offer in the market for flexible sprinkler head connections, a market we entered in the last few years," said Victaulic CEO John Malloy. "These flexible connections provide a familiar solution for Victaulic customers-saving time and money installing piping systems. The acquisition of AquaFlex will enable us to bring a broader set of innovations to a growing market in a short period of time." Malloy added, "The founders of AquaFlex, Chuck Kafenshtok and Chuck Oakes, will continue to manage AquaFlex efforts as part of Victaulic. Both have excellent records of success in bringing new products to market and providing unique solutions for fire protection customers." AquaFlex USA products are cULus Listed and FM Approved in accordance with NFPA-13, 13D, 13R and UL 2443. AquaFlex USA was founded in 2004 in Bensenville, Ill. For more information about the AquaFlex product line, visit www.aquaflexusa.com. Founded in 1925, Victaulic is the world's leading producer of mechanical pipe joining systems. Headquartered in Easton, Pa., Victaulic has manufacturing and distribution facilities worldwide and employs more than 3,500 people. The company develops products for a full range of industrial, commercial and institutional piping system applications. For more information about Victaulic and its products, visit www.victaulic.com.