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An East Sussex-headquartered manufacturer and supplier of specialist pipe fittings and services to the UK water sector has been acquired.
Cascade Pipeline Corporation – which has enjoyed strong growth in recent years – has been bought by Wolseley Infrastructure, which is part of Wolseley UK.
The deal is expected to complement Wolseley Infrastructure's national coverage with Cascade's product range and customer base, as well as boost its UK water market growth strategy.
Both brands will be retained, along with all existing sites and personnel.
John Hancock, managing director of Wolseley Infrastructure, said: "Our Fusion Utilities brand is built on industry leading expertise and great customer service, attributes which are only enhanced with the Cascade team and their innovative range of products.
"We look forward to providing customers of both businesses our newly enhanced product and service proposition."
Andrew Munro, director of Cascade Pipeline Corporation, added: "Over the years Cascade has established itself as a reliable brand in the UK water industry servicing frameworks with major water authorities and supplying an extensive range of products to clients throughout the country.
"Cascade has been approached on many occasions by parties interested in joining forces. However, none of these suitors had the infrastructure, product range or reach that Wolseley have.
"It was an obvious choice and one that I am extremely excited about to have Wolseley take over the reins at Cascade bringing new products and opportunities to both parties and flourishing together into the future."
Wolseley has operations in Warwick and Ripon.
Joanne Gallagher at Thomson Snell & Passmore LLP, Glyn Moore at Advice4Business and Karen Burt at MVL Business Services worked on the deal.
Wolseley received legal advice from Eversheds.
Cascade Pipeline Corporation / Wolseley Infrastructure /
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