Allied Tube Has New Ownership

Tico Industries has divested the Tico Electrical Metal Products division, which includes Allied Tube & Conduit, Harvey, Ill. Private equity company CD&R has purchased 51 percent equity in the business unit and launched a standalone company, Atkore International.

Atkore officials say customers won’t notice changes in the way Allied Tube and other companies will operate under the new ownership. All of the brands will continue to operate under their former names, and the sales and managements staffs at each facility have been retained.

“From a customer perspective, it’s status quo. They won’t see a lot of changes there,” says Dan Kuzniewski, director of marketing communications. “Everything they’re used to seeing will be the same.”

But Kuzniewski says the new operation will eventually pay dividends for Allied Tube. 

“As a standalone company, we will determine our own strategy as it relates specifically to our business. As part of a conglomerate, part of your strategy is determined by where the parent company wants to go with the business,” he says. “As Atkore, we can concentrate on what is our business day-to-day, and not have to be a part of a shared strategy of a larger parent company.”

February 2017: U.S. Auto Industry Needs NAFTA
More...
 
Pause
February 2017: Have Steel Prices Taken a Turn?
More...
Fall 2016: Cutting & Sawing Equipment
More...
Summer 2016
More...
 
Pause
Advanced Controls on Braner Slitters
More...
AHVS Precision Leveler Features Flip-Top Design
More...
Formtek’s Tishken Slitter Increases Production Volume
More...
Red Bud System Handles High-Strength Steels
More...
Bradbury Launches Flat Trak CL Monitoring System
More...
Artus Knives Custom Designed
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Tuesday, March 28, 2017