Pentair plc has entered into a definitive agreement to acquire Pleatco, a US manufacturer of water filtration and clean air technologies for pool, spa and industrial air applications, in a US$255 million cash transaction.
Pleatco, a portfolio company of private equity firm Align Capital Partners, designs and manufactures aftermarket pleated filter cartridges, pleated bags and other filtration products for markets across the USA and Europe.
The acquisition of Pleatco will give Pentair an expanded range of replacement filter products to be sold through both companies’ distribution channels.
“We are excited to expand our presence in the aftermarket filtration space with an enhanced product offering that advances our objective to offer an effortless pool experience for consumers,” said John Stauch, Pentair president and CEO.
The planned acquisition also expands Pentair’s Industrial Filtration portfolio, with complementary air filtration products.
