Atkore sells HDPE pipe & conduit business to Infra Pipes, retains 10% stake

Atkore Inc.

Atkore contributes its HDPE business and $28M to combine with Infra Pipes, receiving a 10% equity stake.
Transaction expected to be accretive to Atkore's Adjusted EBITDA margins and Return on Invested Capital.
Atkore anticipates various tax benefits from the sale as part of its ongoing strategic portfolio review.
CEO Bill Waltz says the deal sharpens focus on electrical products, data center, and solar markets.
Citi served as financial advisor; Debevoise & Plimpton as legal advisor to Atkore.

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