Atkore acquires conduit maker for $92 million

HARVEY — Atkore Inc. said it has acquired the assets of Elite Polymer Solutions, a manufacturer of plastic conduit primarily serving telecommunications, utility and transportation markets, for a purchase price of $91.6 million.

Elite Polymer Solutions is headquartered in Lovelady, Texas, with approximately 55 employees. It will continue operating at its current location, Atkore said.

“The acquisition of Elite Polymer Solutions strengthens our HDPE (high density polyethylene) conduit product portfolio, expands our national presence and enables us to better serve increased demand for underground protection in the electrical, utility and telecom industries,” said John Pregenzer, president of Atkore's Electrical business.

With a global network of manufacturing and distribution facilities worldwide, Atkore is a leading provider of electrical, safety and infrastructure solutions.

“Atkore remains diligent in executing upon our capital allocation strategy to drive value creation for our shareholders through organic investments, M&A (mergers and acquisitions) and stock repurchases,” said Bill Waltz, Atkore president and CEO.