Pentair Acquires G&F Manufacturing, LLC [Yahoo! Finance]
Pentair plc. Ordinary Share (PNR)
Last pentair plc. ordinary share earnings: 4/30 06:55 am
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Source: Yahoo! Finance
most essential resource, today announced that it has acquired Florida-based G&F Manufacturing, LLC for approximately $108 million in cash at closing, subject to certain adjustments. The acquisition is expected to be modestly accretive to Pentair earnings in 2025. G&F Manufacturing, LLC manufactures and services heat pumps for pools under the Gulfstream brand in the Southeast portion of the United States. The Gulfstream brand expands Pentair's pool equipment offerings to customers in Florida and surrounding areas. "Heat pumps are an important offering for customers in critical geographical regions and align with sustainability trends for pool equipment," said Jerome Pedretti, CEO of Pentair Pool. "This strategic acquisition allows us to enhance our value proposition to our customers and aligns with our commitment to deliver smart, sustainable solutions to help our customers enjoy water and make the most of life's essential resource." CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
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