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Comment Business & Economics

Georg Fischer acquires Harvel Plastics  

By Gerald Ondrey |

Georg Fischer AG (Shaffhausen, Switzerland; www.georgfischer.com) announced today that it has agreed to acquire Harvel Plastics Inc. (Easton, Pa.), the U.S. market leader for industrial plastic pipes. This is another step in the implementation of Georg Fischer’s strategy to further expand its piping systems business worldwide, says the company. Georg Fischer is to acquire 100% of the issued and outstanding shares of Harvel Plastics Inc. for approximately $50 million in cash. The company is the leading supplier in the North American market of polyvinyl (PVC) and chlorinated polyvinyl (CPVC) pipes for industrial applications. The top quality products of Harvel are mainly used in water treatment and chemical processes. Closing of the acquisition is anticipated for the beginning of 2012. Harvel Plastics Inc., a subsidiary of the Detrex Corp. (Southfield, Mich.), was founded in 1964 as a pioneer in the manufacture of PVC and CPVC pipes. The company generates sales of more than $60 million and employs 148 people. Its production sites are located in Easton (Pa.) and Bakersfield (Calif.). GF Piping Systems, a Corporate Group of Georg Fischer, is a global supplier of plastic piping systems for the conveyance of liquids and gases in industry,…
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