Widespread word broke during this week’s AD North American Meeting in Grapevine, Texas, that in a blockbuster acquisition, NIBCO has agreed to acquire Milwaukee Valve.

NIBCO said it will release further details upon the transaction’s closing. In the meantime, the Elkhart, Indiana-based manufacturer provided these FAQs regarding the deal.

What are the terms of the acquisition and what is NIBCO acquiring?

A: NIBCO is acquiring Milwaukee Valve Co. While monetary terms of the transaction are confidential, the important point is that NIBCO has agreed to buy the entire company, including all of its products, facilities, human resources and other assets. When the acquisition closes upon NIBCO and Milwaukee Valve meeting closing conditions, Milwaukee Valve will become a wholly owned subsidiary of NIBCO and continue to operate independently.

Why did NIBCO purchase Milwaukee Valve?