Forks Township-based Victaulic Inc., a manufacturer of pipe fittings, has acquired a more than 100-year-old Michigan-based fire-protection company.
Terms of the deal were not disclosed.
Globe Fire Sprinkler has been a family-owned manufacturer with 105 years of continuous production of sprinklers and valves.
John Malloy, CEO of Victaulic, said the addition of Globe Fire Sprinkler to the Victaulic brand will allow the companies to work together to develop new fire-protection solutions.
The Globe acquisition also broadens Victaulic’s existing fire-product portfolio, increases its engineering and R&D capabilities, and brings additional strength to its sales force, he added in a statement.
Steven Worthington, Globe’s president, will serve as president of Globe Fire Protection, which is the name the acquired company will adopt after the merger. He said Victaulic brings the financial resources that the former family-owned company needed to innovate.
Victaulic employs 4,000 people worldwide, while Globe Fire Sprinkler has 250 employees.
Victualic is celebrating 100 years in operation this year.