NYSE:AOSBuilding
A. O. Smith Buyout Of Leonard Valve Expands Digital Water Management Platform
A. O. Smith (NYSE:AOS) is expanding into water management through the acquisition of Leonard Valve.
The move adds digital water control and temperature management products to A. O. Smith's existing portfolio.
The company is using the deal to diversify growth as it manages ongoing challenges in China and momentum in India.
A. O. Smith, trading at $73.49, is adding Leonard Valve to deepen its presence in water management and digital control systems. The stock has returned 9.9% over the past...