In the last year, approximately two-thirds of Lochinvar’s residential and commercial boiler revenues have come from its lines of high-efficiency, condensing products. In addition, the North American commercial boiler industry is split between hydronic heating applications and hot water applications, and A.O. Smith currently sells very few hydronic heating systems.
A. O. Smith's Purchase of Lochinvar Will Expand Its Hydronic Offerings
A. O. Smith Corp. has signed a definitive
agreement to acquire Lebanon, Tenn.-based Lochinvar Corp. (including its United
Kingdom-based subsidiary Lochinvar Ltd.) for $418 million and will not assume
Lochinvar’s existing debt. The transaction is expected to close in the third
quarter of this year, subject to customary closing conditions and regulatory
review.
In the last year, approximately two-thirds of Lochinvar’s residential and commercial boiler revenues have come from its lines of high-efficiency, condensing products. In addition, the North American commercial boiler industry is split between hydronic heating applications and hot water applications, and A.O. Smith currently sells very few hydronic heating systems.
In the last year, approximately two-thirds of Lochinvar’s residential and commercial boiler revenues have come from its lines of high-efficiency, condensing products. In addition, the North American commercial boiler industry is split between hydronic heating applications and hot water applications, and A.O. Smith currently sells very few hydronic heating systems.
