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July 11, 2008: Spears Manufacturing Acquires Coastline Plastics

July 11, 2008
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EASTON, Pa. - Spears Manufacturing Co. has acquired the assets of Coastline Plastics LLC, an affiliate of the Victaulic Co. Based in Yulee, Fla., Coastline Plastics is a leading manufacturer of CPVC pipe for fire protection, plumbing, and industrial market applications.

Terms of the transaction were not disclosed. The company, which will now be known as Spears Coastline Plastics, will continue to supply CPVC pipe to Victaulic for sale in the fire protection market.

“Coastline Plastics has been a strong and growing player in the CPVC marketplace for many years,” said Wayne Spears, Spears Manufacturing president and CEO, “and Coastline’s CPVC pipe offering is a great complement to Spears’ fitting and valve product line. This acquisition positions Spears ideally as a total CPVC system supplier.”

“This deal is a win-win for Spears and for Victaulic,” said John Malloy, Victaulic president and CEO. “Victaulic’s strength is in developing and marketing innovative mechanical piping products. We concluded Spears can bring considerably more scale and expertise to the engineering and manufacturing of CPVC pipe and fittings. The sale of Coastline permits us to stay focused on our strength while still continuing to sell CPVC pipe provided by the market’s leading manufacturer and innovator of plastic pipe fittings.”

For more information on Spears Manufacturing, visit www.spearsmfg.com. For more information on Victaulic, visit www.victaulic.com.

Publication date: 07/07/2008

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