A.O. Smith To Acquire GSW
The company employs more than 1,700 people at its three operating divisions in Canada and the United States.
On Jan. 17, A.O. Smith received approvals from the various jurisdictions in the United States and Canada to pursue the proposed acquisition. The agreement between A. O. Smith and the majority shareholders of GSW equates to a purchase price of about $343.6 million (U.S.) and is conditional upon A. O. Smith successfully completing its remaining due diligence review and negotiating definitive agreements.