April 26, 2006: A.O. Smith Completes Acquisition of GSW
MILWAUKEE - 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.
The addition of GSW to A.O. Smith's existing water heater operations enhances its position in the retail channel of the U. S. residential water heater market segment, says the company. It also raises its profile in the Canadian water heater market.