Rexnord Agrees to Acquire Hadrian

The addition will enable Rexnord’s Zurn business, its water management platform, to offer building owners a complete washroom solution.
Regal Rexnord acquires Arrowhead

Rexnord Corp. (NYSE: RXN), Milwaukee, Wisconsin, announced that it has agreed to acquire Hadrian Inc., a provider of washroom partitions and lockers. Financial terms of the deal weren’t disclosed.

The addition will enable Rexnord’s Zurn business, its water management platform, to offer building owners a complete washroom solution and “accelerate its strategy of being the leading provider of smart building solutions,” the company said.

“We are executing within each pillar of our enhanced capital allocation strategy this quarter as we augment our increased organic growth investments with the strategic addition of Hadrian, our resumed repurchase activity, and our common stock dividend while maintaining our financial leverage near the lower end of our targeted range,” said Todd Adams, Chair, President and CEO of Rexnord.

Added Craig Wehr, group president of Zurn: “We are pleased to welcome Hadrian into Rexnord’s Water Management platform. With their passion for serving customers, market leading products and innovative technology, Hadrian brings a highly complementary culture and can build on Zurn’s substantial competitive advantages to expand our combined growth opportunities.”

Related Posts

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.