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Bradford White buys Laars Heating Systems.(News: Hydronics/HVACR)(mergers )(Brief Article)
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Supply House Times
- Article date:
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July 1, 2005
- Author:
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Copyright informationCOPYRIGHT 2005 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bradford White has signed a definitive agreement to purchase Laars Heating Systems from Water Pik Technologies for $24.3 million. Laars Heating Systems will continue to operate under that name and will become a wholly owned subsidiary of Bradford White. The transaction was expected to be completed on June 30, and includes a manufacturing facility in Rochester, N.H., and a distribution center in Oakville, Ontario, Canada. Bradford White also will open a new Laars sales office and distribution center in the Simi Valley area of California.
"The acquisition is one in a series of focused moves we have made in recent years to continue growth and expand our appeal to the plumbing ...
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