Mueller Water Products, Inc. has signed a definitive agreement to acquire Krausz Industries, Ltd. for $140 million in cash. Krausz Industries provides pipe couplings, grips and clamps under the HYMAX brand for the global water and wastewater industries. Krausz had net sales of approximately $43 million in 2017 with approximately 75% of its sales generated in North America.
The transaction is subject to customary closing conditions and is expected to close in December 2018. Once the transaction has closed, Krausz Industries, Ltd. will become part of Mueller Water Products’ Infrastructure segment.