MEMPHIS, TN — Mueller Industries, Inc. announced Monday that it has acquired ATCO Rubber Products, Inc. for approximately $162.8 million. Based in Fort Worth, TX, ATCO is a manufacturer and distributor of insulated HVAC flexible duct systems and will support the company’s strategy to grow its Climate Products businesses to become a more valuable resource to its HVAC customers.
ATCO had revenues of approximately $166 million with 800 employees in its fiscal year ending December 31, 2017. The acquired business will be reported in Mueller’s Climate segment.
Mueller Industries, Inc. is an industrial manufacturer that specializes in copper and copper alloy manufacturing, while also producing goods made from aluminum, steel and plastics. It is headquartered in Memphis, TN and is comprised of a network of operations in the United States, Canada, Mexico, Great Britain, South Korea, and China. Its products include tubing, fittings, valves, vessels and related items for plumbing and HVACR related piping systems, as well as rod, forgings, extrusions and various components for OEM applications. Products are distributed into sectors such as building construction, appliance, defense, energy and automotive.