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News release

Aliaxis Group acquires the assets of South African based pipe producer Petzetakis South-Africa – February 21, 2013. South African Marley Pipe Systems, an Aliaxis Group company, was successful in its bid to acquire the assets of Petzetakis South Africa, which had been previously placed in liquidation. The assets were acquired through a public auction conducted by the liquidator on February 15, 2013. There were two bidders participating in the auction, namely Marley Pipe Systems and an Indian plastic pipe and fittings manufacturer. As a result of the auction Marley has acquired all of Petzetakis’ plant and equipment, including that for HDPE, PVC, Hose, as well as Trademarks, etc. In addition it also acquired the land and buildings of the Petzetakis HDPE & Hose factory. Marley did not purchase the land and buildings of the Petzetakis PVC plant. Once the plant and equipment has been removed from this site it will be auctioned by the liquidator. “We are very pleased to acquire these Petzetakis assets as it is part of the Group’s strategic plan to further develop and grow its footprint in the Southern African markets. The acquired assets will support this strategy through extending Marley Pipe Systems product range and capacity”, says Yves Mertens, CEO, Aliaxis Group. +++ About Aliaxis Group Aliaxis Group is a leading global manufacturer and distributor of primarily plastic fluid handling systems used in residential and commercial construction, as well as in industrial and public infrastructure applications. Aliaxis’ well known brands such as Durman, FIP, FRIATEC, Ipex, Marley and Nicoll have a strong identity and are firmly established in the markets they serve. With a presence in over 40 countries, with more than 100 manufacturing and commercial entities and employing over 14,000 people, the Belgian privately owned company realized net sales of EUR 2,235 million in 2011. In addition to the well-established markets of Europe and the United States and Canada, it has operations in Latin America, Australasia and Asia. Thanks to the entrepreneurial spirit of its people, balanced with the strengths, knowhow and international reach of the Group, it continues to develop and improve its positions in key construction applications throughout the world. More on www.aliaxis.com


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