The deal was announced on the heels of Uponor Oyj rejecting a sweetened purchase offer worth $2.06 billion.
Belgium's Aliaxis SA — the owner of pipe maker Ipex — is now offering 25.75 euros per share for Uponor Oyj, up from 25 euros offered in April, but Uponor still says there's no deal.
Aliaxis, the owner of pipe maker Ipex USA LLC, now owns 20 percent of Finland-based Uponor's shares — up from 5 percent — and its acquisition attempt has attracted other deal makers.
Large plastic pipe maker Charlotte Pipe and Foundry plans a new pipe extrusion plant in Kansas, its seventh in the United States.
HDPE extruder encounters "unprecedented demand" for products that protect telecommunication pathways.
Company selects Delaware, Ohio, for its third plant, which will employ people laid off by the previous occupant, Chroma Color Corp.
Shawcor Ltd. of Toronto plans to take a new name by midyear: Mattr, because: "What we do matters, to our employees, our customers, our communities and all of our stakeholders."
Bruce Hollands, executive director of the Uni-Bell PVC Pipe Association, says the "best way to counter the misinformation in the Beyond Plastics report is with science and facts."
Uponor's board joins its largest shareholder saying the offer does not reflect the full value of the manufacturer of HDPE and PEX pipe.
Bennington, Vt.-based Beyond Plastics, a nonprofit group that aims to end plastic pollution, is pushing against using federal funds to replace lead water pipe with PVC.