NIBCO announced it completed the acquisition of Matco-Norca.
“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.”
Matco-Norca will continue to operate separately as a wholly-owned subsidiary of NIBCO INC., and its leadership team will remain in place.
“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.”
With its corporate headquarters in Brewster, New York, Matco-Norca has long been a pioneer in sourcing valves. Today Matco-Norca is the leading supplier of globally sourced, code-compliant Plumbing & PVF products for use in residential, commercial and industrial applications. Matco-Norca is one of the largest independent sourcing companies for fittings, pipe nipples, valves and plumbing specialties to wholesalers serving contractors and municipalities throughout the USA.
The acquisition also includes the purchase of Matco-Norca’s sister company, SVF Flow Controls , a recognized leader in flow control technology. In total, Matco-Norca offers more than 20,000 SKUs and operates five distribution centers located in California, Texas, Illinois, Georgia and New York.
BlackArch Partners of Charlotte, North Carolina, acted as the financial advisor to Matco-Norca and SVF Flow Controls .
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