Mueller Water Products to acquire Krausz Industries for $140 million

Mueller Water Products signed a definitive agreement to acquire Krausz Industries, an Israeli maker of pipe couplings, grips and clamps, for $140 million in cash. The deal is expected to close in December 2018.

“Mueller Water Products, Inc. (NYSE: MWA) today announced that it has signed a definitive agreement to acquire Krausz Industries, Ltd., a manufacturer of pipe couplings, grips and clamps, for $140 million in cash.”ir.muellerwaterproducts.com

• 4 sources
• ir.muellerwaterproducts.comMueller Water Products to Acquire Krausz Industries, Ltd. – Mueller Water ProductsNov 5, 2018
• vma.orgMueller Water Products to Acquire Krausz Industries - Valve Manufacturers Association of AmericaNov 5, 2018
• globenewswire.comMueller Water Products to Acquire Krausz Industries, Ltd.Nov 5, 2018
• watertechonline.comValve solutions showcased at Valve World Expo; Mueller acquires Krausz; NETZSCH signs Enpro as partner | Water Tech OnlineDec 7, 2018

Summarized from public sources; check the original articles before acting on it.