Uponor has signed an agreement to purchase a 237,000-square-foot manufacturing plant and office complex in Hutchinson, Minnesota, for $6.35 million.
The manufacturer of crosslinked polyethylene (PEX) pipe and products said it expects the deal to close next month and the plant to open in 2019. It will manufacture PEX pipe for radiant heating, cooling, fire sprinkler and plumbing systems.
“Uponor is seeing unprecedented product demand as a result of continued growth in commercial and residential construction,” said Bill Gray, president of Uponor North America. “This investment will allow Uponor to increase production capacity as we build a future on innovation, education and advocacy to better serve our customers while also growing the state’s manufacturing workforce.”