Pentair plc (NYSE: PNR) has reached a definitive agreement to acquire Manitowoc Ice, a provider of commercial ice makers, for $1.6 billion, subject to “customary adjustments.” When adjusted for approximately $220 million of expected tax benefits, the net transaction value is approximately $1.38 billion, Pentair said. The company said it expects to fund the acquisition […]
Category: Pentair
After 4Q Report, Pentair Announces Dividend
London-based Pentair plc (NYSE: PNR) announced it will pay a regular quarterly cash dividend of $0.21 per share on May 6 to shareholders of record at the close of business on April 22. This year will mark the 46th consecutive year Pentair has increased its dividend, the company said. Earlier this month, Pentair announced its […]
Pentair Sales Increase 21%
London-based Pentair plc (NYSE: PNR) reported third-quarter 2021 sales of $969 million, a 21% increase over the same period a year ago. The company’s 3Q profit was $167 million, an increase of 31% compared to the third quarter of 2020. Consumer solutions sales were up 30% compared to sales for the same period last year. […]
Pentair Finalizes $255M Pleatco Acquisition
Pentair (NYSE:PNR), a provider of water treatment and sustainable solutions, says it has completed its 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. The acquisition provides Pentair additional replacement filter products to be sold […]
