Pentair Acquires U.S. Heat Pump Manufacturer
USA: Pentair plc has acquired Florida-based G&F Manufacturing LLC, a pool heat pump manufacturer, for approximately $108 million in cash. G&F, known for its Gulfstream-branded heat pumps, serves the southeastern U.S. market. This acquisition will enhance Pentair's pool equipment portfolio, particularly in Florida and neighbouring regions.
“Heat pumps are an important offering for customers in critical geographical regions and align with sustainability trends for pool equipment,” said Jerome Pedretti, CEO of Pentair Pool. “This strategic acquisition allows us to enhance our value proposition to our customers and aligns with our commitment to deliver smart, sustainable solutions to help our customers enjoy water and make the most of life’s essential resource.”
Source: World Pumps