A. O. Smith acquires water heater manufacturer Giant Factories | The Daily Reporter – Milwaukee, Wisconsin

Milwaukee, Wisconsin 2021-10-20 14:32:59 –

AOSmith, a global water technology company, is Giant Factory Inc., a manufacturer of residential and commercial water heaters based in Canada. Was acquired. The purchase price is approximately $ 192 million in cash.

“The addition of Giant will strengthen our leadership position as a global supplier of residential and commercial water heaters. The acquisition will also facilitate penetration into the North American market, increase capacity and enhance distribution capacity. We support our corporate strategy, “said Kevin Wheeler, Chairman and Chief Executive Officer. “In addition to its rich history, established relationships and talented team, Giant’s values ​​and business approach are in line with ours and we look forward to welcoming Giant employees to the AO Smith family. I am. “

Claude Lesage, President of Giant Factory, commented: This natural and logical partnership with AO Smith will enhance the outlook for our customers, employees and suppliers. “



Giantの買収は、再生可能エネルギーグリッドによって供給されるポートフォリオ内の給湯製品の量を増やすことにより、AO Smithの脱炭素化の取り組みもサポートします。Giantの最終市場は、主に水力源で非炭素集約型のグリッドによって提供されます。 。

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