Smith-Cooper International to merge with Anvil International
Anvil International and Smith-Cooper International (SCI) 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 design and manufacture products that connect and support piping systems, with a portfolio of global brands including AFCON, Anvil, Anvil EPS, Anvil-Strut, Basic-PSA, Beck, Catawissa, and many more.
Upon closing, Jason Hild, chief executive officer of SCI, will serve as CEO 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.
“Bringing together Anvil and Smith-Cooper is a unique opportunity to significantly expand the strong and complementary capabilities of both organizations,” said Hild. “Anvil’s commitment to domestic manufacturing and deep relationships with their distributor partners make them an excellent complement to Smith-Cooper, with our expertise in global sourcing and our ability to strongly service our customers. We are excited to work collaboratively with the talented Anvil team to create a bright future for our combined business.”
“We are excited to be joining forces with Smith-Cooper and have great respect for their team, sourcing capabilities, and high-quality products,” said Fish. “Together, we will be positioned to offer a wider breadth of products and best-in-class service that our combined customer base wants, needs, and deserves. We have many terrific opportunities ahead and I look forward to partnering with Jason and our teams to drive the long-term growth of our business.”
The transaction is expected to close in the second quarter of 2019, and is subject to customary closing conditions.