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A. O. Smith Announces Acquisition of Water-Right, Inc.

机译:A. O. Smith宣布收购Water-Right,Inc.

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MILWAUKEE, WI- Water technology company A. O. Smith Corporation (NYSE-AOS) today announced that it has acquired Water-Right, Inc., a Wisconsin-based water treatment company, for $107 million in cash, subject to customary adjustments. The acquisition includes all Water-Right subsidiaries, real estate, and sister company Mineral-Right, Inc. Family-owned Water-Right, Inc., based in Appleton, Wisconsin, is a water quality solutions provider with a complete line of residential and commercial products and systems for a wide variety of applications, including solutions for problem well water. Water-Right products are sold under the Evolve®, WaterCare®, Sanitizer Series®, Impression Series® and Cus-tomCare® product brands. In addition to its advanced and innovative product solutions, Water-Right also has a retail facility, Water-Right Ser- vices, and a state-certified lab, Clean Water Testing LLC™, specializing in water analytical services. "The acquisition of Water-Right squarely supports A. O. Smith's growth trajectory in water treatment and enables A. O. Smith to expand beyond its strong presence in the di-rect-to-consumer and retail spaces with Water-Right's capabilities in the wholesale and independent water quality dealer channels," said Kevin J. Wheeler, president and chief executive officer. "With its exceptional market knowledge, established relationships and array of training programs, Water-Right is the ideal fit as the newest member of the A. O. Smith family. It is an innovative, family-run and Wisconsin-based company that takes great pride in addressing customers' problem water needs with the highest level of care."
机译:威斯康星州密尔沃基市-水技术公司A. O. Smith公司(纽约证券交易所股票代码:AOS)今天宣布,已以1.07亿美元的现金收购Water-Right,Inc.,这是一家位于威斯康星州的水处理公司,可根据惯例进行调整。此次收购包括所有Water-Right子公司,房地产和姊妹公司Mineral-Right,Inc.。家族企业Water-Right,Inc.位于威斯康星州Appleton,是一家水质解决方案提供商,拥有完整的住宅和适用于各种应用的商业产品和系统,包括问题井水的解决方案。防水产品以Evolve®,WaterCare®,SanitizerSeries®,ImpressionSeries®和Cus-tomCare®产品品牌销售。除了先进和创新的产品解决方案外,Water-Right还拥有零售设施Water-Right服务和国家认证的实验室Clean Water Testing LLC™,专门从事水分析服务。 “对Water-Right的收购直接支持了AO Smith在水处理方面的发展轨迹,并使AO Smith拥有Water-Right在批发和独立水处理方面的能力,从而扩展了其在直接面向消费者和零售空间的强大实力质量经销商渠道”,总裁兼首席执行官Kevin J. Wheeler说。 “凭借其卓越的市场知识,已建立的关系和一系列培训计划,Water-Right是AO Smith家族的最新成员的理想之选。它是一家创新的家族式企业,总部设在威斯康星州,在美国感到自豪以最高水平的服务来满足客户的用水需求。”

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    《Contractor》 |2019年第5期|A1-A18|共2页
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