Zilco Holdings, Inc. acquired Zurn Industries, LLC, OEI, LLC, OEP, LLC and Krikles, Inc. from Zurn Elkay Water Solutions Corporation.
December 14, 2023
Share
Zilco Holdings, Inc. acquired Zurn Industries, LLC, OEI, LLC, OEP, LLC and Krikles, Inc. from Zurn Elkay Water Solutions Corporation (NYSE:ZWS) on December 15, 2023. As a result of the divestiture, all asbestos liabilities and related insurance assets will not be included in Zurn Elkay?s consolidated year-end 2023 balance sheet.
Zilco Holdings, Inc. completed the acquisition of Zurn Industries, LLC, OEI, LLC, OEP, LLC and Krikles, Inc. from Zurn Elkay Water Solutions Corporation (NYSE:ZWS) on December 15, 2023.
Zurn Elkay Water Solutions Corp is a pure-play water management company. The Company designs, procures, manufactures, and markets a sustainable product portfolio of specification-driven water management solutions to improve health, human safety and the environment. The Company's product portfolio includes professional grade water safety and control products, flow system products, hygienic and environmental products, and filtered drinking water products for public and private spaces. Its products are marketed and sold under various brand names, including Zurn, Elkay, Wilkins, Green Turtle, World Dryer, StainlessDrains.com, JUST, Hadrian, Wade, and Halsey Taylor. It serves various range of institutional and commercial end markets, and waterworks and residential end markets. The institutional construction end users include education, healthcare, and government segments. The commercial construction end users include retail, office, lodging, dining, warehouse, and sports arena segments.