Gewaardeer teen byna $10 Miljard! Die grootste vlekvrye staal sinkmaatskappy in die VSA. Is verkry. Dit het 'n fabriek in China

Kombuis & Bad Nywerheid Hoofstroom Media Kombuis & Badnuus

Milwaukee-gebaseerde V.S. water systems solutions company Zurn Water Solutions Corp. said on Feb. 14 that it has reached an agreement with Elkay Manufacturing Co. to acquire Elkay Inc. (Elkay) in an all-stock transaction. Zurn Water Solutions stock on Feb. 14 closed at $33.40, op 12.1 percent from its closing price on Feb. 11.

Elkay word gewaardeer op $1.56 miljard (na beraming $9.888 miljard). Zurn (NYSE: ZWS) will change its name to Zurn Elkay Water Solutions after the deal closes this summer.

Upon completion of the transaction, Zurn Water Solutions aandeelhouers sal ongeveer besit 71 persent van die gekombineerde maatskappy, terwyl Elkay-aandeelhouers ongeveer sal besit 29 persent van die gekombineerde maatskappy.

Todd Adams, voorsitter en uitvoerende hoof van Zurn, het gesê die verkryging is 'n belangrike stap in die rigting van Zurn se doelwit om sy grootte in die volgende paar jaar te verdubbel. Dit is ook die maatskappy se grootste skuif tot nog toe sedert Zurn Water Solutions sy sustermaatskappy verlaat het, Rexnord, onafhanklik te word.

Gestig in 1920, Elkay has been family-owned and operated and is the largest stainless steel sink company in the United States. Sy produkaanbiedinge het uitgebrei om wasbakke in te sluit, krane, waterverkoelers, drinkfonteine ​​en residensiële en kommersiële kombuis- en badprodukte.

Elkay’s brands include Elkay, Dayton en Halsey Taylor, en die maatskappy het fasiliteite in die Verenigde State, China en Mexiko.

Elkay (Sjina) is gestig in 2005 with a registered capital of 110 miljoen yuan. Its manufacturing base is in Zhuhai, Guangdong, and it has branches in Beijing, Sjanghai en Shenzhen.

The merger of the two companies will provide a suite of innovative water-specific solutions and offer water safety, water quality and water conservation services to key markets such as education and healthcare, Adams said. The combined company will continue to trade on the New York Stock Exchange. It will be traded under the ticker symbol ZWS and will be headquartered in Milwaukee. Die maatskappy sal ook bedrywighede in die Chicago-omgewing handhaaf, where Elkay is located.