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MoreMILWAUKEE, WI — A.O. Smith Corporation has reached a definitive agreement to acquire State Industries, Inc., a privately held manufacturer of residential and commercial water heaters.
The acquisition price will be $58 million for all of the outstanding shares. A.O. Smith will also assume approxi-mately $51 million of State Industries’ debt. The company expects to conclude the acquisition within the next 90 days, subject to government approval.
The acquisition also includes APCOM, a State Industries subsidiary that manufactures elements, thermostats, drain valves, and other water heater components. The addition of the APCOM unit would enable A.O. Smith to enter the water heater component business for the first time.
Publication date: 09/24/2001
This overview of the benefits of zoning includes tips for selling to consumers and businesses. Tom Jackson discusses options for new construction and retrofit, as well as some ways a residential contractor can get into the light commercial business with zoning products. Speaker: Tom Jackson, CEO, Jackson Systems
With access to over one million professionals and more than 60 industry-specific publications, 
