A.O. Smith completes acquisition of GSW Inc.

A.O. Smith completed its ~$340M cash acquisition of Canadian water heater maker GSW Inc. (2005 sales ~$520M), strengthening its position in the U.S. retail water heater channel and the Canadian market.

“A.O. Smith Corp. has completed its acquisition of GSW Inc., a Canadian-based manufacturer of water heaters and building products, with 2005 sales of approximately $520 million, for approximately $340 million in cash.”

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