Elkhart, Indiana-based industrial valve and fitting provider NIBCO INC. announced Jan. 31 that it has completed its acquisition of Brewster, New York-based Matco-Norca LLC, a supplier of plumbing and PVF products for use in residential, commercial and industrial applications.
Financial details were not disclosed. Matco-Norca will continue to operate separately as a wholly-owned subsidiary of NIBCO, and its leadership team will remain in place, according to a news release.
“This acquisition supports our strategic long-range goal of growth through acquisition, expanding our market reach and providing customers with access to a broader portfolio of products,“ said NIBCO Chairman Rex Martin. “This is an extraordinary time in NIBCO’s evolving history.”
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Matco-Norca is one of the largest independent sourcing companies for fittings, pipe nipples, valves and plumbing specialties to wholesalers serving contractors and municipalities in the U.S., NIBCO said. BlackArch Partners of Charlotte, North Carolina, acted as the financial advisor to Matco-Norca LLC and SVF Flow Controls LLC.
“This is an important and positive milestone in our company’s history,” said Matco-Norca President Jack McDonald. “Throughout this process, we’ve recognized many similarities between our history, culture, and our long traditions of operational excellence and outstanding customer service making for a smooth transition.”
NIBCO was ranked among the top JanSan distributors in MDM’s 2022 list of Top Distributors.