Pentair acquires Pleatco, a water and air filtration supplier for $ 255 million
LONDON – Pentair plc, a provider of water treatment and sustainable solutions, announced on October 18 that it has completed the previously announced transaction to acquire Pleatco (Louisville, KY) for approximately $ 255 million in cash, under reserves the usual adjustments. Pleatco manufactures water and clean air filtration technologies for swimming pool, spa and industrial air customers.
âWe are thrilled with the addition of Pleatco as it provides additional aftermarket product offerings for our pool filtration and industrial air filtration portfolios,â said John Stauch, President and CEO of Pentair . âThe Pleatco team’s track record of product innovation aligns with our commitment to providing smart, sustainable solutions to help our customers make the most of life’s essential resources. “
The Pleatco Acquisition provides Pentair with additional replacement filter products that will be sold through Pentair’s existing pool and spa distribution channels as well as Pleatco’s distribution channels. In addition, Pleatco offers complementary air filtration products to meet the needs of Pentair’s industrial customers.
âWe are thrilled to be a part of Pentair,â said Seth Soltow, President of Pleatco. âWith Pentair’s global presence, we look forward to expanding our distribution and sales channels to bring our swimming pool, spa and industrial air filtration technologies to our customers around the world. “
Pentair reported sales of $ 3 billion in 2020 and trades under the ticker symbol PNR. The company has approximately 9,750 employees worldwide serving customers in more than 150 countries.