Netherlands-based building materials manufacturer Wavin BV has acquired Bow Plumbing Group, a plastic pipe and fittings manufacturer headquartered in Montreal, to provide a presence in the North American residential and commercial construction industry.
The financial terms of the deal were not disclosed.
Founded in 1939, Bow manufactures full lines of drainage and penstock piping for commercial and residential applications from a range of plastic materials including cross-linked polyethylene (PEX), chlorinated polyvinyl chloride (CPVC), ABS and PVC. The company has local manufacturing in Quebec, with warehousing and commercial reach throughout Canada and the United States
“[Our] Investment in Bow Plumbing Group is strengthened and expanded [our] Presence in this important market to serve customers and stakeholders with efficient end-to-end water management solutions,” Wavin officials said in a statement. “Bow’s excellent reputation in plastic pipe and fittings will complement each other [our] full range of services for drinking water, waste water and rainwater management.”
Wavin, which belongs to parent company Orbia Advance Corp. Owned by SAB de CV, has a product application spectrum from residential plumbing systems to urban and semi-urban climate resilience and water management systems.
As part of the acquisition, Gilles Cyr, former CEO of Bow Plumbing Group, will become general manager of Wavin’s new Canadian business. “I’m excited about this leap forward,” said Cyr. “Wavin and Bow both stand for quality products and customer focus. Now that we are part of Orbia, together we will continue to drive innovation in the North American market.”