Mueller Industries acquires HeatLink
HeatLink's co-owners Manfred and Garry Schmidt will continue to lead their operation with the goal of growing the company’s product platform and geographical footprint.
Calgary-based HeatLink Group Inc., and its affiliated PEX-a tubing manufacturing facility PexCor Manufacturing Company Inc., have been acquired by Mueller Industries Inc., a publicly-traded manufacturer headquartered in Memphis, Tennessee.
HeatLink’s co-owners Manfred and Garry Schmidt will continue to lead their operation with the goal of growing the company’s product platform and geographical footprint.
HeatLink and PexCor will complement the range of products that comprise Mueller’s Piping Systems Group. The acquisition of HeatLink supports Mueller’s strategy to expand in the pressure plastic products arena with innovative piping and flow control solutions.
Mueller has operations across the U.S., Canada, Great Britain, Mexico, South Korea, and China.
“This is a unique opportunity to partner with an organization that has a similar family based history, and a record of successfully integrating acquisitions in a manner that leverages the capabilities of both parties over a long period of time,” said Manfred Schmidt, president HeatLink Group, in a company release. “We can now accelerate our plan to introduce new HeatLink products, expand our proprietary PEX-a production, and access a range of new markets with quality solutions incorporating both HeatLink and Mueller products.”