HARVEY -- Atkore International Group said it has acquired Calpipe Industries, a market leader for electrical conduit systems for corrosive environments and security bollards for high security, access control and architectural environments.
Terms of the sale were not announced.
Calpipe Industries is headquartered in Rancho Dominquez, California and will continue operating at their current locations under their flagship name. Dan Markus, founder and CEO of Calpipe Industries, will stay with the company as a strategic adviser, and Gary Lessing will continue as President-Calpipe Industries. Both individuals will support Bill Waltz, group president-rlectrical raceway at Atkore, and the Atkore organization's focus on serving electrical raceway customers.
"This transaction will add approximately $70 million in annual revenue at margins accretive to Atkore. More importantly, it exemplifies our commitment to continue offering premier electrical products that meet varying customers' needs in an ever-changing marketplace," said Waltz.