A.O. Smith acquires Giant Factories Inc. for ~$192 million

A.O. Smith Corporation acquired Canadian water-heater manufacturer Giant Factories Inc. for approximately USD $192 million in cash, expanding A.O. Smith's North American water-heater operations and Canadian market presence.

“MILWAUKEE — A. O. Smith Corporation announced that it has acquired Giant Factories Inc. The purchase price is approximately USD $192 million in cash, subject to customary adjustments.”

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