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: water treatment
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 […]
