Rexnord Agrees to Acquire German Manufacturer - Modern Distribution Management

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Rexnord Agrees to Acquire German Manufacturer

Acquisition complements Rexnord's water management platform.
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Rexnord, Milwaukee, WI, has agreed to buy VAG Holding GmbH for €175 million.

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VAG is a German manufacturer of valves and engineered solutions across a broad range of applications, including water distribution, wastewater treatment, dams and hydropower generation as well as various other industrial applications.

The acquisition is complementary to Rexnord’s existing Water Management platform with limited product overlap and virtually no geographic duplication, according to the company.

VAG employs 1,200 associates worldwide and reported sales of €140 million for the 12 months ended June 30, 2011.

Rexnord is comprised of two platforms, Process & Motion Control and Water Management.

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