Acquisition Expands Pentair's Portfolio in Growing Commercial Sectors
MANCHESTER, United Kingdom - September 21, 2015 - Pentair plc (NYSE: PNR) announced today that it completed acquisition of ERICO Global Company.
Based in Solon, Ohio, ERICO is a leading global manufacturer and marketer of superior engineered electrical and fastening products for electrical, mechanical and civil applications. ERICO has 1,200 employees in 30 countries with recognized brands including CADDY® fixing, fastening and support products; ERICO® electrical grounding, bonding and connectivity products; and LENTON® engineered systems.
"ERICO is a strategic and complementary acquisition for Pentair," said Randall J. Hogan, Pentair Chairman and CEO. "As a key growth platform within Pentair's Technical Solutions business, it expands our presence in both the commercial and infrastructure sectors with a broader and stronger offering for our customers."
ABOUT PENTAIR PLC
Pentair plc (www.pentair.com) delivers industry-leading products, services and solutions for its customers' diverse needs in water and other fluids, thermal management and equipment protection. With 2014 revenues of $7.0 billion, Pentair employs approximately 30,000 people worldwide.
ABOUT PENTAIR TECHNICAL SOLUTIONS
Pentair Technical Solutions is a global leader of systems and solutions that safeguard industrial controls, electrical components, communications hardware, electronic devices, pipelines, processes, and building winter protection. Its premier brands Hoffman, Raychem, Schroff and Tracer provide a comprehensive range of standard, modified and custom engineered solutions for the energy, industrial, infrastructure, commercial, communications, medical, security and defense applications.
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PENTAIR CONTACTS:
Rebecca Osborn
Media Relations
Direct: 763-656-5580
Email: rebecca.osborn@pentair.com
Jim Lucas
Vice President, Investor Relations & Strategic Planning
Direct: 763-656-5575
Email: jim.lucas@pentair.com
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