PP&L Resources Acquires McClure Co.PP&L Resources Inc. (NYSE: PPL) reached an agreement to buy Harrisburg, Penn.-based McClure Co., said William Hecht, chairman, president and CEO of PP&L Resources. McClure Co., ranked No. 32 in the PM 1998 Pipe Trades Giants, provides construction and maintenance services related to plumbing and process piping.
U.S. Industries Realigns ZurnFollowing a comprehensive restructuring, Zurn Industries will operate four business units, including a USI Bath and Plumbing Products division. USI Bath and Plumbing Products will include the Jacuzzi and Eljer branded bath and spa lines. Annualized sales of this division are expected to be approximately $1.1 billion.
GroupMac Announces Acquisitions; PartnershipGroup Maintenance America Corp. (NYSE: MAK) acquired nine more companies with an aggregate annual revenue in excess of $110 million during the second quarter, the company said. The Houston-based consolidator now operates companies in 53 cities in 25 states.
GroupMac also announced that it was named the “preferred provider” of plumbing services for ServiceMaster (NYSE: SVM). Services will include the maintenance and repair of plumbing and kitchen equipment.
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