Victaulic Acquires Horizon Metals Inc.
The newly added foundry will enhance the company’s infrastructure growth.
#VMAnews #water-wastewater
On March 30, 2023, Victaulic, the world’s leading manufacturer of mechanical pipe joining, fire protection and flow control solutions, acquired Horizon Metals Inc., located in Nephi, Utah. The acquisition supports the company’s growth in the infrastructure and waterworks market by increasing capacity for large-diameter piping solutions, and is aligned with the strategy to manufacture these products in the United States.
Victaulic continues to demonstrate its commitment to meet the growing needs of its North American customer base by adding foundry and manufacturing capacity. With this acquisition, Victaulic has added over 1.4 million square feet of foundry and manufacturing capacity in North America since 2011.
“A major aspect of Victaulic’s business strategy has always been to manufacture products in close proximity to our customers,” said Victaulic president and CEO Rick Bucher. “Like our Tennessee Metal Fabricating acquisition last year, the purchase of Horizon Metals demonstrates our continuous commitment to this strategy by expanding our growth and service capabilities to our valued North American customers. With this purchase, Horizon Metals represents Victaulic’s fifth foundry in North America and our fourth foundry located in the United States. We are thrilled to welcome the employees from Horizon Metals into the Victaulic family.”
Victaulic was founded in 1919 and offers innovative solutions and design services to increase construction productivity and reduce risk, ensuring projects are completed safely, on time and within budget. The company has more than 4500 employees across its 40 international facilities. Learn more at www.victaulic.com. Horizon Metals, Inc., a family-owned and operated iron and steel foundry located in Nephi, Utah, was established in 1992 by Wayne Fish in Salt Lake City before moving to Nephi.
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