Mueller Water Products, Inc. has signed a definitive agreement to acquire Singer Valve, a manufacturer of automatic control valves, for CAD 34M in cash.
Singer Valve designs and manufactures automatic control valves, offering engineered products for pressure management within water works. It also manufactures similar valves used in industrial, commercial and fire protection applications. Singer had net sales of approximately CAD 20M in 2016. The transaction is expected to close during Mueller’s fiscal second quarter of 2017.
Once the transaction has closed, Singer Valve will become part of Mueller Water Products’ Mueller Co. operating segment. Mueller Co.’s products enable utilities to regulate the flow of water as it is transmitted from the source to customers, and its valves or hydrants are specified in the 100 largest metropolitan areas in the United States. This specification position, coupled with Mueller Co.’s extensive North American distribution network, is a key part of the growth strategy for Singer Valve.
This acquisition further positions Mueller Water Products to provide product offerings for pressure monitoring, pressure management and non-revenue water remediation with a combination of automatic control valves, pipe condition assessment and leak detection.