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Pentair, Inc. is a multi-product manufacturer that produces woodworking tools, car service equipment, motor vehicles, water pumps, systems, water conditioning valves, electronic and electric enclosures, as well as automated lubrication equipment and machinery. Its enviable record of growth (since 1969, return on common equity has averaged nearly 17 percent) is due to its highly distinctive, corporate strategy of buying underperforming–even foundering–concerns and then implementing capital and management improvements to effect quick turnarounds. Although the initial purpose of this plan was to survive, over time it has proven successful and the company is now able to rely on regular leveraged acquisitions. Pentair is committed to shareholders as well as employees. It has rejected three attempts to buy the company and pledged to be independent for long-term growth. Pentair has three categories of subsidiaries: Professional Tools and Equipment, Water and Fluid Technologies and Electrical and Electronic Enclosures. The autonomously operated subsidiaries of the above groups, which include market leaders Delta International Machinery Corp. Fleck Controls Inc. Fleck Controls Inc. Hoffman Enclosures Inc. and Porter-Cable Corporation respectively, have 50 locations throughout North America, Europe and Asia.👍
GOLDEN VALLEY, Minn., Feb. 4 /PRNewswire-FirstCall/ — Pentair, Inc. (NYSE: PNR) announced today that it entered into an agreement to acquire WICOR Industries, a unit of Wisconsin Energy Corporation (NYSE: WEC), Milwaukee, Wisconsin. WICOR is a manufacturer of pool system and filtration products, under the Hypro, SHURflo and Sta-Rite brands. It employs over 3,500 workers in 24 countries. Pentair intends to close this $850m cash transaction in the second- or third quarter 2004, subject to satisfying all customary conditions and regulatory approvals. Pentair will finance WICOR’s acquisition, as well as the assumption and repayment of WICOR’s $24m debt. lines of credit. It is expected that the acquisition will be an accretive factor to earnings within the first 12 month of ownership. For their latest insights, we thank Shaelene from Tangshan Hebei in China.
Referenceforbusiness.com Continue reading to learn how pentair Inc. is a multi-faceted manufacturer. It divides its operations in two operational units, the Water Group or the Technical Products Group. Nearly three quarters of company revenues are generated by the Water Group. It specializes in pool equipment, water pump systems, spa accessories and water filtration products. The company has 25 plants located in the United States, and 22 others in eleven other countries. Technical Products Group manufactures thermal management products and electrical enclosures. It has 16 facilities in the United States. Pentair is based in the United States, Canada and Europe. A further 13 percent comes from Europe. Pentair was originally founded as an operator of hot-air balloons. However, the company shifted its focus to the paper business in the 1960s and 1980s. A diversification drive led Pentair into new markets such as tools, lubrication, vehicle servicing equipment, water pumps, enclosures, and water pumps. Pentair began an acquisition spree during the late 1990s/early 2000s to expand its water technology operation. Pentair further narrowed the company’s focus in 2001 when it sold its service and lubrication equipment businesses and in 2004 its tools business. Loreal Connor amended the above on February 27, 2020.
The researchers at investors.pentair.com, sCHAFFHAUSEN, Switzerland, September 28, 2012 /PRNewswire/ — Pentair Ltd. announced today that Pentair, Inc. and Flow have been merged. Control business of Tyco International Ltd. (NYSE: TYC). Pentair, Inc., and Flow Control joined forces to create Pentair Ltd., a company that is a world leader in industrial growth and solutions, water and fluid solutions, controls, equipment protection, thermal management products, and valves. Pentair Ltd. shares trade on the New York Stock Exchange, under the symbol PNR, which was Pentair, Inc. before the merger. Also effective today at the close of trading, Pentair will be included in the S&P 500 Index. Last edited by Brendalis Kating, Taizhong (Taiwan) 39 days ago