Imperial acquires U.S. conduit manufacturer

Toronto-based Imperial Plastech has purchased fixed and current assets of Americon Inc., a manufacturer of conduit and cable-in-conduit for utility and telecommunication markets. Imperial paid a reported $11 million for the assets of Americon, located in Atlanta, GA. Americon is a core supplier of Media One, a unit of AT&T cable holdings, and has a strong market presence in the southeastern U.S. Americon recorded sales of $25 million in fiscal 1999.

Imperial president and CEO Victor D’Souza says: “It (this acquisition) gives us an important manufacturing base in the much larger US market, and positions us in the complementary cable TV and electric utility markets with new product lines.”

Imperial Plastech Inc. is a manufacturer of high-tensile, fibre-optic conduit, flexible hose and plastic pipe for the residential and industrial construction industries. Earlier this year Imperial finalized an agreement with A.G. Petzetakis Group in which Imperial purchased the Greek company’s sales and marketing group in the U.S., as well as technology and equipment to make flexible hose. The hose will be manufactured at the company’s recently expanded Peterborough, ON plant.