Lochinvar Corporation Enters into Agreement with A.O. Smith Corporation
by Lochinvar Marketing Dept. | 07/20/2011
Lochinvar Corporation announces that is has signed a definitive agreement to be acquired by A. O. Smith Corporation.
Lochinvar and A.O. Smith offer complementary products; A. O. Smith is a leading manufacturer of residential water heaters, while Lochinvar is among the strongest residential/commercial/industrial boiler manufacturers in the United States. We believe this transaction is good for our customers, our employees and the community. It’s an opportunity to combine the strengths of two industry leading organizations, share best practices and deliver more value to our customers.
Lochinvar, a third generation family-owned company, is in a sense teaming up with the 5th generation Smith family. Although a publicly traded company, the founding Smith family still plays major roles serving on their Board of Directors. Strong values and belief of doing business with integrity emanates throughout both organizations.
A.O. Smith has made a commitment to grow and expand Lochinvar’s product offering and global reach, which should offer long-term growth opportunities for our organizations.
The Vallett Family will remain in active roles going forward serving to continue the excellent growth that we have experienced over the last 30 years.
Continuity of the business, employees and products will remain paramount and will jointly be the cornerstone of our future growth. Those core business values, brands and products that you have come to expect from Lochinvar will continue.