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Benzinga
Benzinga
Business
Akanksha Bakshi

Pentair's Hydra-Stop Purchase To Support Sustainable Water Flow In Growing Cities

Pentair FLOW United States PNR
Business,Handshake,For,Teamwork,Of,Business,Merger,And,Acquisition,successful,Negotiate,hand

Pentair plc (NYSE:PNR) said Monday it will acquire Hydra-Stop LLC, a U.S.-based maker of specialty valve solutions, in a $290 million cash deal. After factoring in about $50 million in expected tax benefits, the net transaction value comes to roughly $240 million.

Hydra-Stop, currently owned by Madison Industries, employs just over 50 people at its Burr Ridge, Illinois headquarters and generates nearly all its sales in the U.S.

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