Pentair plc has acquired the US filter company Pleatco for approximately US$255 million in cash.
Pleatco manufactures water filtration and clean air technologies for pool, spa and industrial air customers.
The acquisition provides Pentair with additional replacement filter products that can be sold through both companies’ distribution channels. Pleatco also brings complementary air filtration products for Pentair’s industrial customers.
“We are excited about the addition of Pleatco as it provides additional aftermarket product offerings for both our pool filtration and industrial air filtration portfolios,” said John Stauch, Pentair president and CEO. “The track record of product innovation by the team at Pleatco aligns with our commitment to deliver smart, sustainable solutions to help our customers make the most of life’s essential resources.”