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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: 1040| 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。
+ G" ]8 k; o: ^8 B6 U: [) n: I/ X6 hWater-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。
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" `3 `1 v* C, |3 C$ R: pA.O. Smith acquiring Appleton-based Water-RightExpands water treatment offerings to wholesale, dealer channels
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Milwaukee-based A.O. Smith Corp. has acquired Appleton-based Water-Right Inc. for $107 million in cash.5 U- _9 M) s" v  Z- V8 b0 z

" Z: M; c; `. A5 uKnown 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.
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The 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.
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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.) B7 p; y. i/ L  Z7 ~

+ O* r; f0 s5 J- a  q5 WSales 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." t; ^* A7 f* v9 s" X3 `8 d; W

' J( u. H( N; x! }* ?* [  _6 C2 ~Water-Right will add around $60 million in annual sales and 90 employees to the company’s water treatment business.4 k5 B* d; |( S/ G5 y3 P; q

- `: P8 D- a; m$ I7 MKurt 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.
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5 S' v) b% @5 @& F2 Y, ]( r: z“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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. @( e3 M% z( T) x. x. K$ f* |4 Yhttps://www.biztimes.com/2019/in ... -based-water-right/
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