(l-r) Alan Pickering and Anthony D. Morrow at FABTECH Chicago.
Unison Ltd., a UK-based manufacturer of tube and pipe bending machines, has entered into a definitive agreement to acquire the assets of PHI, a California-based production machinery and tooling specialist.
This strategic acquisition will enhance Unison's product portfolio and market position. In the United States, it will also help accelerate the growth of Unison's Danville, VA-based division, Unison Tube LLC.
Under the terms of the acquisition, PHI's well-established products will be welcomed into the Unison family. These include manual and hydraulic tube and pipe bending machines and tooling; end-forming machines and tooling for tube and pipe flaring, flanging, beading, and squaring and deburring; manual and motorized hydraulic presses; and automated welding systems.
In addition to further strengthening Unison's tube bending portfolio, the acquisition will introduce complementary tube end-forming technologies to its machine tool range and enable greater product diversification due to PHI's other lines. Unison is also expected to retain certain key personnel from PHI, which is based in the City of Industry, CA.
"This is a pivotal moment for us," said Alan Pickering, Unison's Joint Managing Director. "The assets we are acquiring from PHI are a perfect fit for our long-term vision. They bring us critical market and customer reach with proven products that will allow us to better serve our customers and accelerate our growth and innovation timelines. We are excited to welcome the talent, expertise, and time-tested designs from PHI as we move forward."
Anthony D. Morrow, President of PHI, added: "We are confident that these assets will thrive under Unison's leadership. Our team is excited to facilitate a smooth and quick transition that ensures the care of and meets the needs of current and future customers."
For more information contact:
Unison Tube LLC
240 Eastwood Drive
Danville, VA 24540
828-808-4286
sales@unisonltd.com
www.unisonltd.com
PHI
14955 Salt Lake Ave.
City of Industry, CA 91746
626-968-9680
phisales@phihydraulics.com
www.phihydraulics.com