Latham Reps AO Smith In $418M Lochinvar Buy

Law360, New York (July 19, 2011, 1:11 PM EDT) -- A.O. Smith Corp. said Tuesday it would buy fellow water heating equipment maker Lochinvar Corp. for $418 million in a deal aimed at boosting its high-efficiency product offerings and expanding its international reach in the boiler industry.

The deal is the first major purchase A.O. Smith has unveiled since it announced in December that it would sell its electric motor unit to Regal Beloit Corp. for $875 million in order to focus on its water heating products business.

"This acquisition fits squarely within our stated strategy...
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