An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Pentair plc (NYSE:PNR) has completed its acquisition of Pleatco for approximately $255 million in cash. This strategic move enhances Pentair's aftermarket product offerings in water filtration and air filtration, expanding capabilities across its existing distribution channels. The acquisition allows Pentair to leverage Pleatco's innovative products to better serve pool, spa, and industrial air customers globally. Both management teams express optimism about leveraging their combined resources for growth and customer satisfaction.
Positive
Acquisition of Pleatco enhances aftermarket product offerings in water and air filtration.
Offers additional replacement filter products through existing distribution channels.
Strengthens Pentair's market position with innovative products in pool and industrial air filtration.
Negative
None.
Acquisition Provides Additional Aftermarket Product Offerings in Water and Air Filtration
LONDON--(BUSINESS WIRE)--
Pentair plc (NYSE:PNR), a leading provider of water treatment and sustainable solutions, today announced that it completed the previously announced transaction to acquire Pleatco for approximately $255 million in cash, subject to customary adjustments. Pleatco manufactures water filtration and clean air technologies for pool, spa and industrial air customers.
“We are excited about the addition of Pleatco as it provides additional aftermarket product offerings for both our pool filtration and industrial air filtration portfolios,” said John Stauch, Pentair President and CEO. “The track record of product innovation by the team at Pleatco aligns with our commitment to deliver smart, sustainable solutions to help our customers make the most of life’s essential resources.”
The acquisition of Pleatco provides Pentair additional replacement filter products to be sold through Pentair’s existing Pool and Spa distribution channels as well as through Pleatco’s distribution channels. Additionally, Pleatco brings complementary air filtration products to serve the needs of Pentair’s industrial customers.
“We are pleased to become a part of Pentair,” said Seth Soltow, Pleatco President. “With Pentair’s global presence, we look forward to growing our distribution and sales channels to bring our pool, spa and industrial air filtration technologies to customers around the world.”
ABOUT PENTAIR PLC Pentair makes the most of life’s essential resources. From our residential and business solutions that help people move, improve and enjoy their water, to our sustainable innovations and applications, we deliver smart, sustainable solutions for life.
Pentair had revenue in 2020 of $3 billion, and trades under the ticker symbol PNR. With approximately 9,750 global employees serving customers in more than 150 countries, we work to help improve lives and the environment around the world. To learn more, visit pentair.com.
