Zurn and Elkay to Combine
Zurn Water Solutions and Elkay Manufacturing to combine, creating a leader in sustainable water solutions.
Zurn Water Solutions Corporation and Elkay Manufacturing Company have announced that they have reached an agreement to combine the businesses into the combined and newly named company Zurn Elkay Water Solutions Corporation.
Headquartered in Milwaukee, Wisconsin, Zurn provides smart, sustainable water solutions. The Zurn product portfolio includes professional grade water control and safety, water distribution and drainage, finish plumbing, hygienic, environmental and site works products for public and private spaces.
Family-owned since 1920, Elkay is headquartered in Downers Grove, Illinois and provides sinks and faucets, but is probably best known for the company’s commercial drinking water offerings such as drinking fountains, and the award-winning ezH2O bottle filling stations.
Upon closing, the combined company will continue to be led by the existing Zurn Water Solutions Board of Directors with the addition of two new directors who currently serve on the Elkay Board of Directors. Todd Adams will remain Chairman and Chief Executive Officer, Craig Wehr will remain President of Zurn Water Solutions, and Ted Hamilton will remain President of Elkay Plumbing. The combined Zurn Elkay Water Solutions Corporation will be headquartered in Milwaukee, Wisconsin and will continue to maintain a presence in the Chicago area where Elkay is headquartered.
“This transaction is a true game-changer as we create an even stronger pure play water company by combining with the iconic brand, Elkay,” said Todd A. Adams, Chairman and CEO of Zurn Water Solutions. “Elkay is viewed as the ‘gold standard’ in providing clean drinking water within institutional and commercial buildings. What makes the combination so compelling is the alignment of our shared values and cultures, commitment to serving our customers and what we can accomplish together by providing an even more comprehensive package of innovative, specified water solutions that provide water safety, water quality and water conservation to critical verticals like education and healthcare.”
“We knew we could increase our long-term competitive position by combining with another complementary brand,” stated Ron Katz, Senior Member of the Elkay founding family. “We were pleased to find a well-respected partner in Zurn Water Solutions, with their strong, people-centric midwestern values and deep commitment to quality, ethics, and customer satisfaction that mirrors our own.”
More information and details regarding shareholder stocks can be found at zurnwatersolutions.com.