Reliance Worldwide Corp (RWC) has announced it has acquired Securus, trading as Holdrite, for $US92.5m ($A122.7m) under a stock purchase agreement.

Completion of the acquisition is subject to customary conditions and regulatory approvals but is expected to occur before 30 June 2017.

The acquisition of Holdrite aligns with RWC’s growth strategy, building on the two company’s mutual customer base to bring RWC additional revenue growth opportunities and channel diversification. It will also accelerate RWC’s entry into the residential and commercial new construction and the re-model markets in North America.

“We have always maintained that we would look at opportunities to acquire businesses with clever products, which make the contractor’s life easier and where we can amplify growth through our distribution network. Holdrite is a well-established business which will bring to RWC a broad product range that we can sell through our extensive global distribution channels. It also has valuable intellectual protpery and an innovation culture, which will further boost RWC in that area. Holdrite is very active in the residential and commercial new construction markets, which provides us with an opportunity to accelerate sales and distribution for our recently launched EvoPEX system,” said RWC chief executive Heath Sharp.