Benzinga | Jul 23, 2021 02:56PM EDT

A O Smith Acquires Master Water Conditioning For Undisclosed Sum

* A O Smith Corp (NYSE:AOS) has acquired Master Water Conditioning Corporation, a family-owned water treatment company. Terms of the all-cash transaction not disclosed.

* Master Water Conditioning offers point-of-entry water softeners, filters, and ultrafiltration systems, sold under the names Alliance, Clarifier, MasterFusion, Satin Series, PuroPro, UltraPro, and Clear Reflections, among others.

* Richard Mest will continue to lead the Master Water business, and its offices will remain based in Pottstown, Pennsylvania.

* "The acquisition of Master Water further demonstrates our commitment to the North American water treatment market, a key element of our strategy to deliver innovative, differentiated solutions that heat and treat water," commented president and CEO Kevin J. Wheeler.

* AOS Smith had cash and cash equivalents of $665.5 million as of March 31, 2021.

* Price action: AOS shares are trading higher by 1.20% at $69.45 on the last check Friday.