Rexnord Agrees to Acquire Fontaine-Alliance

Rexnord LLC, Milwaukke, WI, announced that Zurn Industries, LLC, its wholly owned water management subsidiary, has agreed to acquire Fontaine-Alliance Inc. for CAD30 million.
Fontaine manufactures sluice gates and other engineered flow control products for the municipal water and wastewater markets. Fontaine is based in Magog, Quebec, Canada.Fontaine employs 185 employees with annual sales of CAD40 million.
Fontaine will expand Rexnord's strategic water management platform, which was created with the company's acquisition of Zurn in February 2007.
Rexnord is a diversified industrial company with two key platforms: Power Transmission and Water Management. ...