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美国 A.O. Smith收购了Water-Right公司。收购总价1.07亿美金现金。; R i* ?4 D9 O% w$ `
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( c) C$ X- W+ K& j+ j" Y
8 x: d! V6 h6 e) FMilwaukee-based A.O. Smith Corp. has acquired Appleton-based Water-Right Inc. for $107 million in cash.
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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.' {' ?4 @6 b; l
8 r/ _& ^8 E; @. z, h8 zThe 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.' }5 V0 j3 Y% a* b& s
# m& Q/ S! O4 H8 v( I+ y' ?Water-Right will add around $60 million in annual sales and 90 employees to the company’s water treatment business.% c* G5 K! d& v& V# d, D+ N- X
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Kurt Gruett, Guy Gruett and Greg Gruett will continue to lead the businesses. Water-Right offices will remain in Appleton and Mineral-Right will remain in Phillipsburg, Kansas, A.O. Smith said. Glenn Gruett, Water-Right founder, will continue to provide insight and business counsel. q% ~$ o0 A: [4 A# w' f) r
; b2 `" b5 {6 N$ T% d“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/, m/ Q- g. h& O3 q p$ N/ z
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