Atkore International Group Inc. To Acquire Vergokan International
HARVEY, Ill.--(BUSINESS WIRE)--
Atkore International Group Inc. (“Atkore”) (NYSE: ATKR), today announced
that it has entered into a definitive agreement with Pentahold NV to
acquire Vergokan International NV (”Vergokan”), a leading manufacturer
of cable tray and cable ladder systems, underfloor installations and
industrial floor trunking that serves industrial, power and energy,
commercial and infrastructure sectors in more than 45 countries (www.vergokan.com).
“This transaction provides Atkore with an expanded presence in Western
Europe and strengthens our electrical portfolio of cable management
products,” noted Mike Schulte, Atkore Group President. “Vergokan’s
reputation for quality and reliability reinforces Atkore’s continued
focus on delivering the right solutions for our customers.”
Filip Goris, Chief Executive Officer-Vergokan, added, “We are pleased
that Atkore recognized Vergokan’s diversified product offering and
manufacturing capabilities with cable management systems, and are
excited to be a part of Atkore’s continued electrical products growth.”
Headquartered in Belgium, Vergokan employs more than 165 employees and
primarily sells through distributors and wholesalers.
The transaction is expected to close on October 1, 2018, and terms of
the sale are undisclosed.
About Atkore International Group Inc.
Atkore International Group Inc. is a leading manufacturer of electrical
products primarily for the non-residential construction and renovation
markets and Mechanical Products & Solutions for the construction and
industrial markets. The company manufactures a broad range of end-to-end
integrated products and solutions that are critical to its customers’
businesses and employs approximately 3,600 people at 58 manufacturing
and distribution facilities worldwide. The company is headquartered in
Harvey, Illinois.
To learn more, please visit at www.atkore.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180927005222/en/
Atkore International Group Inc.
Lisa Winter
VP - Communications
708
225 2453
Source: Atkore International Group Inc.