"We continue to have a high level of confidence in the long-term performance of these products as they have an excellent track record, but view these settlements as a way to resolve extensive litigation and assure our customers and partners that we stand behind our products," said Bill Gray, president of Uponor, Inc.
According to the terms of the settlements, Uponor, Inc. will be providing an enhanced warranty to property owners to cover potential fitting failures. There also will be a separate claims fund established to honor the terms of an enhanced warranty. Details of the Settlements are subject to final Court approval.
Uponor, Inc. is an award-winning provider of plumbing, fire safety, radiant heating/cooling, hydronic piping and pre-insulated piping systems for residential and commercial applications. In 2014, the company received a Best-in-Class award for Minnesota manufacturing, a Community Impact Award for sustainability, and a Progress Minnesota award for driving business growth and economic development. The company was also named a Top 100 Workplace by the Minneapolis Star Tribune. Uponor, Inc. employs more than 500 people at its North American headquarters in Apple Valley, Minn.
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