Atkore International Announces Exit from Fence and Sprinkler Businesses

Aug 06, 2015, 17:00 ET from Atkore International Group Inc.

HARVEY, Ill., Aug. 6, 2015 /PRNewswire/ -- Atkore International Group Inc. ("Atkore") today announced its subsidiary, Allied Tube & Conduit Corporation, will cease manufacturing of steel fence framework and sprinkler pipe products, effective October 5, 2015, and permanently exit these markets shortly thereafter.  Existing contracts and customer service commitments will continue to be honored during the period that the fence and sprinkler businesses are being phased out.

With this announcement, the remaining production of additional products at its Philadelphia, Pennsylvania site will be transferred to other Atkore facilities and the manufacturing site will be closed. Additionally, fence and sprinkler-related operations at its Harvey, Illinois and Phoenix, Arizona facilities will be eliminated. These restructuring actions are expected to result in the elimination of approximately 317 positions across the United States.  Atkore is providing assistance to those affected employees, such as severance, outplacement services, and state training programs.

"We continually conduct strategic reviews of our businesses and their alignment with our mission to be customers' first choice for electrical raceway and mechanical products and solutions.  While this was a difficult decision, it was necessary to ensure we direct the appropriate focus and resources on delivering greater overall value to our customers in our core businesses," commented John Williamson, President and CEO of Atkore International.

Williamson noted that the Cope cable management facility and regional distribution center, both located adjacent to the closing Philadelphia plant, will continue to operate.  Additionally, the FlexHead® and SprinkFLEX® product lines that serve the fire protection market and Allied Tube & Conduit Razor Ribbon® barbed tape products that serve the fence market are not affected by this decision, and will continue to operate as they are today.

"Rebalancing Atkore's portfolio with this latest change will only serve to strengthen our already solid financial performance and ensure our continued position as a customer-focused leader in the markets we serve," added Williamson.

About Atkore International
Atkore International Inc. delivers a unique portfolio of integrated electrical raceway solutions that deploy, isolate and protect a structure's electrical circuitry from feed to outlet.  With 3,100 employees and 39 manufacturing and distribution facilities worldwide, we meet our customers' needs by providing unmatched quality, delivery and value across a robust product line that includes steel, PVC and aluminum conduit, armored cable and flexible conduits, metal framing, wire baskets, cable trays and other complementary products including fittings and mechanical pipe.  With its headquarters in Harvey, Illinois, Atkore International is owned by a fund managed by the private equity firm of Clayton, Dubilier & Rice, LLC. To learn more please visit www.atkore.com.

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SOURCE Atkore International Group Inc.



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