NIBCO Signs Purchase Agreement for CPI Assets

Rex Martin, Chairman, President and Chief Executive Officer of NIBCO INC., announced that the company has signed a purchase agreement to acquire the assets of Consolidated Plumbing Industries.

CPI manufactures cross-linked polyethylene (PEX) tubing for the North American water distribution and radiant heating markets at its manufacturing location in Lebanon, Ohio. CPI’s headquarters and distribution center are located in Knoxville, Tennessee. The transaction will be finalized by mid-May. CPI manufactures DURA-PEX® tubing for the wholesale, retail and OEM markets. CPI’s other brands include Push ‘N Go® fittings, Basic Radiant®, DURA-PRO™ metal insert fittings and the Grand Slam Manifold®.

The acquisition of CPI’s line of PEX products complements NIBCO’s NEXT-Pure™ PEX and residential plumbing product lines. NIBCO introduced NEXT-Pure™, a complete PEX potable water system, in March 2005.

For more information, contact Sally Boyer, NIBCO INC., 1516 Middlebury Street, Elkhart, IN 46516, 574- 295-3381, Fax: 574-295-3307, E-mail: boyers@nibco .com, Web: www.nibco.com.