|
|
美国 A.O. Smith收购了Water-Right公司。收购总价1.07亿美金现金。
4 f- A% y! M$ q7 A: }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。' t( H$ n5 X+ z V, L8 _8 _
- [1 v1 q: \' v! v5 {/ _3 f+ q: c# a: N5 I( z) M2 J& P
A.O. Smith acquiring Appleton-based Water-RightExpands water treatment offerings to wholesale, dealer channels! v6 f( q7 _, N& I* O
# _6 E1 v/ j+ B: F! g: B8 L. e8 |! b6 kMilwaukee-based A.O. Smith Corp. has acquired Appleton-based Water-Right Inc. for $107 million in cash.: l. j% j# G; T0 v% h9 |( \
6 g2 i+ R& Q% [/ X% _( F) mKnown 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.! K+ h! s- t) p+ m
6 c6 `7 b( W( l7 ~
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.: j% {9 l3 }; ^0 `* p
. Z2 }9 T( [6 B9 O- d
“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.0 S1 E0 w) w0 k( Y2 ^* i
g2 y4 T: y m8 V# \Sales in the North American water treatment business have grown from $18 million in 2016 to $87 million last year. Prior to the Water-Right deal, the company said it expected sales to grow another 35% to 40% in 2019 as the company benefits from a full year as the exclusive water treatment supplier to Lowe’s home improvement stores.
1 [. ~5 D+ H2 B6 i% ?$ H! x& j2 L: ?4 i( m9 B) R8 u y
Water-Right will add around $60 million in annual sales and 90 employees to the company’s water treatment business.
+ [' g. `" O2 F& ]$ ~8 d; g* N4 d; m; G9 [9 L
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.
7 ~2 _4 N5 R0 r4 C
( O: ?5 y6 C' K4 h9 k' u7 H5 `“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.”
- ~7 V" Q/ A3 U
A) C. T; H# j8 U, bhttps://www.biztimes.com/2019/in ... -based-water-right/5 ^! b: ~% Y8 Q* w- ^
; e) p+ q) p, Z( S, L* N
@( I. s8 h. h0 X2 ~# O' ^( h3 A: }' H) X) p Q) U( L
, a2 x) B; w/ o# ?$ F
5 T2 b0 J1 k/ w3 ?9 B& h9 X& h- ] V) m; H2 M# e; X" j8 J
) Y$ g. q8 ?6 ~( c; L# |7 M# I) `1 P/ J( U# a
. q/ V6 y$ x" ?
|
|
|Archiver|手机版|小黑屋|水易网[水处理技术论坛]
( 京ICP备05078561号 )
发表于 2019-4-11 11:19
