INDUSTRY NEWS A. O. Smith acquires Lochinvar
MILWAUKEE— A. O. Smith Corp. announced it has signed a definitive agreement to acquire Lochinvar
the midst of a transition to the new high-efficiency condensing technology, which we believe is growing several times faster than GDP,” he continued.
“We expect high-efficiency boiler products to continue to grow at an accelerated rate for the foreseeable future.” “We also believe there are
Corporation of Lebanon, Tenn., for $418 million. Privately held Lochinvar is a
leading manufacturer of high- efficiency boilers used in commercial and residential hydronic heating and hot water applications. The transaction is expected to close in the third quarter of 2011, subject to customary closing conditions and regulatory review. “This acquisition fits squarely
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within our stated strategy to expand our core product offering with new technologies, which emphasize high- efficiency products that can be applied globally,” Paul W. Jones, chairman and chief executive officer, observed. “This is a significant first step in growing our diversified global water heating platform and the beginning of the redeployment of the proceeds from the sale of our Electrical Products Company.” “The addition of Lochinvar expands
our product offering and gives us access to proven high-efficiency boiler technology,” said Ajita G. Rajendra, president of A. O. Smith Water Products Company. “The $1.1 billion North American boiler industry is in
significant growth opportunities in regions outside of North America, especially in China, for Lochinvar’s higher-efficiency boilers, as more commercial customers seek ways to save energy and reduce operating costs,” Rajendra pointed out. “This opportunity becomes even more compelling when we couple Lochinvar’s leading technology with A. O. Smith’s many years of experience, strong water heater manufacturing platform and prominent brand in China.” “The Lochinvar plant and technical
facility in Lebanon, Tenn., are best- in-class operations, and we are excited about the future for this campus. Lochinvar has built a strong team internally and a strong group of sales reps. We are enthused about their becoming part of the A. O. Smith team,” said Rajendra. William L. Vallett, Jr., chief
executive officer and president of Lochinvar, commented, “We are extremely excited about the potential benefits of combining with such a logical partner like A. O. Smith and the future prospects for our employees, customers and suppliers.”
Home for at-risk boys gets gift of endless hot water
DALLAS— Grand Hall USA, the maker of the Eternal hybrid water heater, donated new energy efficient water heaters to the Cordero House in Tigard, Oregon, a safe haven for
$5,600 and is part of the Home Builders Foundation project that raised funds to cover the Cordero House renovation, estimated at $770,000. The project completion was
celebrated on July 13 at 10 a.m., with house tours and light refreshments. “Hot water was required for
abused boys. Almost a century old, the 5,000-square-foot home, which was built in 1915, was in dire need of repair and renovation. Grand Hall’s donation of two GU195M water heaters is valued at more than
morning showers for 12 youths plus specialized sanitizer for dishes and laundry, and there was, quite simply, never enough. The boys were limited to five-minute showers once a day, with a maximum of two youths showering at one time. Even with these limits, the showers had to be split between morning and evening, and the last boys always ran out of hot water before they were finished,”
welcomed U.S. Environmental Protection Agency (EPA) administrator Lisa P. Jackson to its global headquarters on June 17. Mike Bauer, president of Moen’s U.S. Businesses, facilitated a tour of its facility, including its design reliability lab, to commemorate the fifth anniversary of the WaterSense® program and to highlight the company’s products, programs,manufacturing processes and testing methods for its WaterSense-certified products. “At Moen,we realize that
everything we do has a dramatic impact on future generations, and that includes how we use our precious natural resources, particularly water,” said Bauer. “On the fifth anniversary of the WaterSense program, Moen is very pleased to be a partner that not only assists consumers and protects these resources, but is also committed to developing stylish, reliable products that save water without sacrificing performance.”
explains Dennis Morrow, executive director of Janus Youth Programs Inc. which provides care for Cordero House residents. For the first time in Cordero
House’s history, the home will have a constant supply of hot water that will allow multiple appliances to run simultaneously without sacrificing water pressure and comfort. The Eternal hybrid water heater features include: • Unique triple-pass design that
provides endless hot water without pressure drop; • 98% thermal efficiency, .96
energy factor — exceeds Energy Star and qualifies for tax credits; • Installs in less time than tankless
water heaters and works with solar water heating and geothermal applications; and • Industry’s leading 20-year
residential/10-year commercial no leak warranty.
Moen commemorates WaterSense anniversary
NORTH OLMSTED,OHIO—Moen, the 2010WaterSense® Manufacturer Partner of the Year,
phc august 2011
www.phcnews.com
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