A O Smith Acquires Master Water Conditioning For Undisclosed Sum

A O Smith Corp AOS has acquired Master Water Conditioning Corporation, a family-owned water treatment company. Terms of the all-cash transaction not disclosed.
Master Water Conditioning offers point-of-entry water softeners, filters, and ultrafiltration systems, sold under the names Alliance, Clarifier, MasterFusion, Satin Series, PuroPro, UltraPro, and Clear Reflections, among others.
Richard Mest will continue to lead the Master Water business, and its offices will remain based in Pottstown, Pennsylvania.
"The acquisition of Master Water further demonstrates our commitment to the North American water treatment market, a key element of our strategy to deliver innovative, differentiated solutions that heat and treat water," commented president and CEO Kevin J. Wheeler.
AOS Smith had cash and cash equivalents of $665.5 million as of March 31, 2021.
Price action: AOS shares are trading higher by 1.20% at $69.45 on the last check Friday.