Our ability to serve our customers right across the US has been boosted by the acquisition of two production facilities and a distribution centre from the Valencia Pipe Company, which focus primarily on providing plumbing solutions for the residential market.

This $250 million transaction, completed in May 2023, gives us a presence in both Arizona and Washington State, meaning we can now better serve customers on the western side of the country.

Together with the rapid expansion of our distribution network in recent years, IPEX now has coast-to-coast coverage to distribute its wide range of solutions to customers across the country.

Continued investment in North America, both through additional capital spending on internal growth and through acquisitions, is a key strategic priority in our Growth with Purpose plan as we look to further increase our share of this dynamic market.

In 2023, we opened a new distribution site in Pennsylvania but still needed to extend our presence in the south and west of the country. The Valencia deal fulfills that goal and means we have the chance to become the partner of choice for our national customers.

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