Mueller to acquire Singer Valve for $25.8m
Georgia-based company Mueller Water Products has signed a definitive agreement to buy Canadian manufacturer of automatic control valves Singer Valve for C$34m ($25.8m).
Subject to customary closing conditions, the acquisition transaction is expected to close during Mueller Water Products’ fiscal second quarter of this year.
With the closure of the transaction, Singer Valve will become part of Mueller Water Products’ US-based Mueller company operating segment.
Mueller president Greg Rogowski said: “We are focused on providing innovative products that help water utilities operate as efficiently as possible and enable them to continue delivering safe, clean drinking water to their customers.
“The addition of Singer Valve broadens our portfolio of products and enhances the value we offer our customers, especially in the areas of managing pressure and extending the life of water assets.”
The products of Mueller facilitate utilities to regulate the flow of water as it is supplied from the source to the customers.
The valves or hydrants of the company are specified in the 100 largest metropolitan areas across the US.
This, in addition to Mueller’s extensive North American distribution network, will play a major role in the growth strategy for Singer Valve.
Singer Valve president Andrew Taylor said: “We believe Mueller and Singer share similar cultures and values, as well as a dedication to helping municipalities effectively address aging water infrastructure while enhancing operational efficiencies.”
The buy-out of Singer Valve will enable Mueller Water Products to offer product offerings for pressure management, pressure monitoring and non-revenue water remediation equipped with a combination of automatic control valves, pipe condition assessment as well as leak detection.