Uponor closes the acquisition of manufacturing facility in the USA

Uponor Corporation     Stock exchange release     3 August 2017     08.30 EET

Uponor closes the acquisition of manufacturing facility in the USA

Uponor North America, part of the Building Solutions – North America segment, has finalised the agreement to acquire a manufacturing facility and real estate in the U.S. town of Hutchinson, Minnesota as announced on 20 July 2017. The deal is worth €5.6 million ($6.3 million).

Forecasting continued long-term growth in commercial and residential construction in North America, Uponor acquired the 22,000 square metre (237,000 square foot) facility to expand its PEX pipe manufacturing operations.

In its January – June half year report on 25 July 2017, Uponor estimated that the Group’s capital expenditure grows and exceeds €60 million in 2017 as a result of this purchase, together with investment in tools and machinery.

For further information, please contact:
Jyri Luomakoski, President and CEO, tel. +358 20 129 2824
Maija Strandberg, CFO tel. +358 20 129 2830

 

Uponor Corporation

 

Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852

 

DISTRIBUTION:
Nasdaq Helsinki
Media
www.uponor.com

 

Uponor is a leading international systems and solutions provider for safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure. The company serves a variety of building markets including residential, commercial, industrial and civil engineering. Uponor employs about 3,900 employees in 30 countries, mainly in Europe and North America. In 2016, Uponor's net sales totalled €1.1 billion. Uponor is based in Finland and listed on Nasdaq Helsinki. www.uponor.com