Culpeper manufacturer Bingham & Taylor acquired

Bingham & Taylor, a Culpeper-based manufacturer of underground infrastructure access solutions, has been acquired by North Carolina-based Charlotte Pipe and Foundry, in conjunction with its subsidiary Neenah Foundry, according to a Thursday announcement.

A spokesperson for Bingham & Taylor declined to disclose the financial terms of the deal.

Founded in 1849, Bingham & Taylor operates a cast iron foundry in Culpeper and plastics injection-molding and blow-molding plants in Fredericksburg. The company sells its meter- and valve-access products, including boxes, lids and pits, to water and gas utility customers.

“After 175 years in business and two generations of my family’s stewardship, this partnership represents Bingham & Taylor’s next chapter,” Laura Thompson Grondin, CEO of Virginia Industries, the parent company of Bingham & Taylor, stated in a news release. “Charlotte Pipe and Neenah Foundry share our commitment to American manufacturing and our core values, particularly how we value and treat our customers and employees. Charlotte Pipe understands the value of Bingham & Taylor’s iconic brand and will ensure it remains strong for the next 175 years.”

Bingham & Taylor will continue to operate under its name, but Grondin will no longer be a part of the company, according to a spokesperson. The manufacturer has about 250 employees, about 240 of whom are based in Virginia.  No jobs are expected to be lost because of the acquisition.

Charlotte Pipe and Foundry, a manufacturer of cast iron and plastic pipe and fittings for plumbing applications, operates eight manufacturing plants across the United States.

The company acquired Wisconsin-based Neenah Foundry, a manufacturer of municipal castings, in 2022.

“This strategic acquisition continues our commitment to growing in the waterworks industry and builds on our acquisition of Neenah Enterprises,” stated Hooper Hardison, CEO of Charlotte Pipe and Foundry, in a news release. “It also leverages our core competencies of producing iron castings and plastics manufacturing.”

Bingham & Taylor’s products, distributors and customers are “very complementary” to Neenah Foundry, said the foundry’s president and CEO, Vic Bhatia, in a news release. “The power of Bingham & Taylor and Neenah Foundry together creates an exciting opportunity to strengthen our offering and deepen our commercial relationships.”