SCI to Merge with Anvil International
06 May 2019
Anvil International a designer, manufacturer, and provider of high-quality products that connect and support piping systems, and Smith-Cooper International (SCI), a designer and provider of branded, high-quality pipes, valves, and fittings, today announced they have entered into a definitive agreement to merge. The combined company will be majority owned by Tailwind Capital. Terms of the transaction were not disclosed.
The combined company will be a leading designer, manufacturer and provider of products that connect and support piping systems, with a portfolio of high-quality, global brands including AFCON, Anvil, Anvil EPS, Anvil-Strut, Basic-PSA, Beck, Catawissa, Cooplok, Cooplet, FlexHead, FPPI, Gruvlok, J.B. Smith, North Alabama Pipe, Megawatt, SCI, Sharpe, SPF/Anvil and SprinkFLEX. Together Anvil and Smith-Cooper will offer a more comprehensive product portfolio to national, regional and local distributors across North America serving the industrial, commercial, fire protection, energy and mining end markets.
Upon closing, Jason Hild, Chief Executive Officer of SCI, will serve as Chief Executive Officer of the combined company, and Tom Fish, President, and CEO of Anvil, will serve as Chairman. All additional members of Anvil’s and Smith-Cooper’s senior management teams will remain with the combined company. No changes to either company’s facilities footprint are anticipated at this time as a result of the combination.
The transaction is expected to close in the second quarter of 2019 and is subject to customary closing conditions.