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美国AO Smith 收购Water-Right拓展中央净水渠道

发布者: waterok | 发布时间: 2019-4-11 11:19| 查看数: 1722| 评论数: 0|帖子模式

美国 A.O. Smith收购了Water-Right公司。收购总价1.07亿美金现金。. D( l8 H. E) {$ p) M6 j; u, L. `
Water-Right主要做家用中央净水及中央软水和商用产品目前是美国家居连锁Lowe’s的独家净水产品供应商。2018年营业收入达8700万美金。目前拥有90名员工。5 B0 p7 M- c; W6 v

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A.O. Smith acquiring Appleton-based Water-RightExpands water treatment offerings to wholesale, dealer channels
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% T- f1 b6 L, T( t* [% l1 sMilwaukee-based A.O. Smith Corp. has acquired Appleton-based Water-Right Inc. for $107 million in cash.6 n4 [& M$ Y9 Z/ d( s
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Known for its boilers and water heaters in North America, A.O. Smith pushed into the North American water treatment market in 2016 with the acquisition of Aquasana, a filtration company, and added Hague, a water softening company in 2017. The company has primarily offered its products through retail channels, including a line of offerings at Lowe’s stores that launched in August 2018.1 P% d% o+ z- k! [

# F8 O1 T! u& |, Q+ YThe acquisition, which closed Monday, includes all Water-Right subsidiaries, real estate and Mineral-Right Inc., its sister company. Water-Right provides a line of residential and commercial water treatment products and systems for a wide variety of applications, including problem well water.4 p. a9 A6 I! l& k9 H
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“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 direct-to-consumer and retail spaces with Water-Right’s capabilities in the wholesale and independent water quality dealer channels,” said Kevin Wheeler, president and CEO of A.O. Smith., i. J, i" V9 Y/ S! b- R. e
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Sales in the North American water treatment business have grown from $18 million in 2016 to $87 million last year. Prior to the Water-Right deal, the company said it expected sales to grow another 35% to 40% in 2019 as the company benefits from a full year as the exclusive water treatment supplier to Lowe’s home improvement stores.
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- l; o$ e# {' T" ?: k2 L. }% F) QWater-Right will add around $60 million in annual sales and 90 employees to the company’s water treatment business.5 q% m6 h7 w3 x# x" R$ e5 G6 {
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Kurt Gruett, Guy Gruett and Greg Gruett will continue to lead the businesses. Water-Right offices will remain in Appleton and Mineral-Right will remain in Phillipsburg, Kansas, A.O. Smith said. Glenn Gruett, Water-Right founder, will continue to provide insight and business counsel.5 P2 F7 s4 J) \9 Y4 N

8 A  @0 Y( A5 Z% H$ C7 o“We’re honored and excited that the business founded and nurtured by my father and expanded by my brothers and me is finding a long-term future home with A. O. Smith, an innovative and global leader in water technology,” said Kurt Gruett, Water-Right president. “We’re confident that A. O. Smith – with its global capabilities and manufacturing expertise – will be able to take Water-Right and its family of products to the next level.”
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https://www.biztimes.com/2019/in ... -based-water-right/
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