Aliaxis Expands Southern U.S. Presence By Signing Definitive Agreement To Acquire Johnson Controls' CPVC Pipe & Fittings Business For Residential And Light Commercial Sprinkler Systems
Portfolio Pulse from Benzinga Newsdesk
Aliaxis has signed a definitive agreement to acquire Johnson Controls' CPVC pipe and fittings business, which serves residential and light commercial sprinkler systems in the Southern U.S.
August 13, 2024 | 4:33 pm
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Johnson Controls has agreed to sell its CPVC pipe and fittings business to Aliaxis, which could streamline its operations and potentially improve its financials.
The sale of the CPVC pipe and fittings business could allow Johnson Controls to focus on its core operations and improve its financial health. This strategic move is likely to be viewed positively by investors.
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