Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Aalberts N.V. (“Aalberts”) (ENXTAM:AALB) recently completed the sale of LASCO Fittings, Inc. (“LASCO” or the “Company”) to North American Pipe Corporation (“NAPCO”), a subsidiary of Westlake Chemical Corporation (“Westlake”) (NYSE:WLK).
Aalberts engineers mission-critical technologies for ground-breaking industries and everyday life, focusing on eco-friendly buildings, semicon efficiency, sustainable transportation and industrial niches. Aalberts has a global footprint and is headquartered in Utrecht, Netherlands.
LASCO is a leading designer, engineer and manufacturer of injected-molded PVC fittings. The Company serves a wide range of applications, including irrigation & golf, pool & spa, industrial and plumbing markets. LASCO operates a 48-acre, 500,000 square foot manufacturing and distribution facility and eight regional distribution facilities strategically located throughout the United States to promptly supply its customers across North America. LASCO is headquartered in Brownsville, Tennessee.
NAPCO is a leading North American PVC pipe manufacturer. NAPCO supplies a broad range of gasketed, solvent welded and restrained joint pipes for a diverse range of markets, including municipal water and sewer, residential plumbing, water well and agricultural turf irrigation. The Company has a large and seasoned R&D team driving product enhancements that deliver innovative solutions that meet customers’ most challenging needs. NAPCO offers a large selection of PVC piping and fittings, including brands such as Certa-Lok®, Yelomine®, Certa-Set® and Certa-Flo®. NAPCO is headquartered in Houston, Texas.
Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Westlake provides the building blocks for vital solutions — from building products and infrastructure materials, to packaging and healthcare products, to automotive and consumer goods. Westlake is headquartered in Houston, Texas.
For additional information about this transaction, please contact: