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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: 1172| 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。
! s+ A$ E7 J4 i3 ^) ?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。
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A.O. Smith acquiring Appleton-based Water-RightExpands water treatment offerings to wholesale, dealer channels
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# \% b& g4 S  }9 Z( QMilwaukee-based A.O. Smith Corp. has acquired Appleton-based Water-Right Inc. for $107 million in cash.$ O! J+ o. A0 U
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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.
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' m8 V- K/ V( ?# W" m8 x' `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.
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Sales in the North American water treatment business have grown from $18 million in 2016 to $87 million last year. Prior to the Water-Right deal, the company said it expected sales to grow another 35% to 40% in 2019 as the company benefits from a full year as the exclusive water treatment supplier to Lowe’s home improvement stores.! {  h% a% T$ }! o0 U9 L8 t

  r  q7 k% v6 y/ Y! L; l* X: I$ |  BWater-Right will add around $60 million in annual sales and 90 employees to the company’s water treatment business.7 c1 t5 P5 ~. y% Z( X( N% S7 V+ c
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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.: j4 U8 c* j! T  |- p/ L
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“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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2 E; [% M' h! N( ]0 ohttps://www.biztimes.com/2019/in ... -based-water-right/
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