Pentair, a leading provider of water treatment and sustainable solutions, announced that it has entered into a definitive agreement to acquire Pleatco, a manufacturer of water filtration and clean air technologies for pool, spa and industrial air customers.
Acquisition to Expand Pentair's Aftermarket Presence in Water and Air Filtration
The planned acquisition of Pleatco provides Pentair an expanded range of replacement filter products to be sold through Pentair's existing Pool and Spa distribution channels as well as through Pleatco's distribution channels.
"We are excited to expand our presence in the aftermarket filtration space with an enhanced product offering that advances our objective to offer an effortless pool experience for consumers," said John Stauch, Pentair President and CEO.
The planned acquisition also expands Pentair's Industrial Filtration portfolio, with complementary air filtration products to serve the needs of its industrial customers.
"We look forward to welcoming the Pleatco employees to Pentair and to growing the relationship with Pleatco's existing customer base," continued Stauch. "The planned combination will provide Pleatco entry to Pentair's global distribution and sales channels, and deliver increased production capacity and utilization, as well as build on Pleatco's track record of product innovation."