Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:21 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #89. Rexnord — LWG Specialised Plumbing Products
Acquirer:
Rexnord (RXN)
Acquiree:
LWG Specialised Plumbing Products
Details:
Rexnord (NYSE:RXN) today announced that it has acquired the assets of LWG Specialised Plumbing Products (LWG) from Hills Holdings Limited (ASX: HIL). LWG is a leading Australia-based provider of plumbing solutions for the non-residential construction market and has been a distributor of select Zurn brand products for over 20 years. LWG has six warehouse locations throughout Australia and annual sales of approximately $14 million (USD). LWG distributes stainless steel fixtures, tapware, back flow prevention devices, pressure reducing valves and flushing systems.
Rexnord is engaged as an industrial company. Co. operates its business in two platforms: Process and Motion Control, and Water Management. Co.'s Process and Motion Control platform designs, manufactures, markets and services a range of mechanical components. Co.'s products and services are marketed and sold under brand names, including Rexnord®, Rex®, Addax®, Euroflex®, Falk®, FlatTop®, Cambridge®, Link-Belt®, Omega®, PSI®, Shafer®, Stearns®, Highfield®, Thomas®, Centa®, and Tollok™. Co.'s Water Management platform designs, procures, manufactures, and markets products that provide and improve water quality, safety, flow control and conservation.
Preferred: RXN.PRA
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: RXN Stock Forecast Based on Zacks ABR data; powered by Xignite |
