Wilo subsidiary Wilo USA has acquired the assets of US manufacturer J-Line Pump, doing business as American-Marsh Pumps.
Headquartered in Collierville in the US state of Tennessee, American-Marsh Pumps currently employs 55 people.
“The acquisition of American-Marsh Pumps strengthens our strategic market position in the US, and expands the product portfolio for our customers in the Water Management, Industry and Building Services segments”, commented Oliver Hermes, president and CEO of the Wilo Group. “This acquisition marks another important milestone in the execution of our growth strategy, following the successful acquisition and integration of the Cedarburg pump manufacturers Weil Pump & Scot Pump in 2017.”
American-Marsh Pumps manufactures centrifugal pumps, vertical turbines and fire protection equipment.
“We are excited to have American-Marsh Pumps join the Wilo USA family,” added Jeff Plaster, CEO of Wilo USA. “Their experience and expertise aligns extremely well with our organisation, and accelerates our strategy for long-term growth in the US.”
Mathias Weyers, CFO and executive board member at Wilo, added: “We are very pleased to have succeeded in completing this acquisition, and very much look forward to our collaboration with the acquired company and its integration into the Wilo Group.”
POPULAR NEWS STORIES
LATEST VIDEOCIRCOR's RTK REflex Shut Off and Control Valve