Victaulic Company announced today it has purchased the Australian rights to the Victaulic trademark from OneSteel. Terms of the deal were not disclosed.
"This strategic acquisition extends our global ownership of the Victaulic brand and strengthens our ability to sell Victaulic piping products throughout Australia," said Victaulic CEO John Malloy.
OneSteel is a fully integrated, global manufacturer and distributor of steel and finished steel products, self-sufficient in both iron ore and scrap metal. OneSteel is traded on the Australian Stock Exchange (ASX: OST).
Victaulic, a privately held company headquartered in Easton, Pa., U.S.A., has manufacturing and distribution facilities worldwide and employs approximately 3,500 people. The company, and its subsidiaries, develops products for a full range of industrial, commercial and institutional piping systems.