A. O. Smith Acquires Water-Right For $107 Mln

(RTTNews) - A. O. Smith Corp. (AOS) Monday said it acquired Water-Right Inc., a Wisconsin-based water treatment company, for $107 million in cash.

The acquisition includes all Water-Right subsidiaries, real estate, and sister company Mineral-Right, Inc.

"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 CEO Kevin Wheeler.

Kurt Gruett, Guy Gruett and Greg Gruett will continue to lead the Water-Right businesses, while father and founder Glenn Gruett will continue to provide insight and business counsel. The Water-Right offices will remain based in Appleton, Wisconsin, and Mineral-Right will remain in Phillipsburg, Kansas.

Water-Right employs approximately 90 employees with annual sales of approximately $60 million.