Pentair
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Pentair, Inc. is a company focused on water technologies and enclosures for electronic products. In October 2004, its Tools Group was acquired by Black & Decker.
Pentair is a diversified operating company headquartered in Golden Valley, Minnesota. Its Water Technologies Group provides products and systems used worldwide in the movement, treatment, storage and enjoyment of water. Pentair’s Technical Products Group designs and manufactures standard, modified, and custom enclosures that house and protect sensitive electronics and electrical components. Revenues from continuing operations in 2006 were $3.15 billion. Pentair has approximately 15,000 employees worldwide.
Though Pentair operations are decentralized, all Pentair businesses share a common Code of Business Conduct that guides the development of the organization and the conduct of its business affairs.
Pentair no longer tools around as it pumps up its water and pool products business. The company's water unit makes well pumps, sump pumps, and valves for water softeners, as well as pool and spa equipment (pool cleaners, heaters, spa fittings, filters, and thermometers). Its technical products (formerly enclosures) division makes Hoffmann and Schroff protective housings and accessories for electronic controls and instruments. Pentair's water unit has grown through about a dozen acquisitions, including WICOR Industries, the former water systems subsidiary of Wisconsin Energy. The company has sold its tools unit to competitor Black & Decker.
Pentair has dramatically added to its portfolio of water technology companies, growing it from $100 million in sales in 1995 to over $2 billion in 2005 and 2006. The company has said that it plans to continue an active course of acquisitions, especially to grow its business outside the US.
The $875 million WICOR deal, completed in 2004, is its most recent large-scale transaction. WICOR made water pumps, filters, and pool equipment components under the Sta-Rite, SHURflo, and Hypro brands. The Pentair Water Spa and Bath division manufactures pumps, fittings, and related components for the hot tub, and whirlpool bath industries.
Conversely, Pentair has discontinued its Century/Lincoln and Lincoln Industrial service equipment operations. It also exited the tools business with the sale of its power tools group (which had previously accounted for 40% of sales) to Black & Decker for nearly $800 million. Pentair then used that money to pay off much of the WICOR acquisition.
Pentair turned its attention to growing the technical products business with the late 2005 acquisition of some of the assets of APW. Those businesses include Mclean Thermal Management, Aspen Motion Technologies, and Electronic Solutions, all of which provide thermal management products and integration services to the telecom, medical, and security industries. The $144 million deal broadened Pentair's technical products line to include markets outside of the traditional electrical and electronics businesses.
In 2006 Pentair continued to expand with its purchase of Germany-based Jung Pumpen GmbH, which makes pumps and other products for wastewater processing. (The deal was completed in early 2007 for $227 million.)
Other acquisitions in 2005 and 2006 included Acu-Trol, Inc., Delta Environmental Products (water treatment products), selected assets of Krystal Klear (steel housings and filtration components), and a 70% stake in Beijing Jieming Tiandi Environmental Equipment (renamed Beijing Pentair Water Jieming, fiberglass-reinforced pressure tanks and filters).
The company has announced an agreement to acquire water filtration and separation firm Porous Media for approximately $225 million.
Pentair is the holding company of Sta-Rite, the manufacturer of the product involved in the death of Abigail Taylor.
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