Rexnord LLC announced February 1 that it has completed the acquisition of GA Industries Inc. for a cash purchase price of $76 million. The company funded the acquisition with cash flow from operations. The acquisition expands Rexnord’s strategic water management platform, which was created with the acquisition of Zurn Industries in February 2007.
GA Industries Inc. (GAI), which includes the Rodney Hunt Company, manufactures automatic control valves, check valves, gate valves and other engineered flow control products used in the water and wastewater markets in municipal, hydropower and industrial environments. GAI is based in Cranberry,
Zurn is a leader in the multi-billion dollar non-residential construction and replacement market for plumbing fixtures and fittings. It designs and manufactures plumbing products used in commercial and industrial construction, renovation and facilities maintenance markets in
Alex P. Marini, president and CEO of Rexnord’s Water Management Group, said, “We are very pleased to close the GAI acquisition. We look forward to working with the GAI and Rodney Hunt teams to integrate them into Rexnord and Zurn, and to continue to build upon the solid track record of success in these businesses.”
About Rexnord LLC
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