March 6, 2007 / 1:23 PM / 12 years ago

Pentair acquires Porous Media

Co announces a definitive agreement to acquire Porous Media, a privately held Minnesota company with manufacturing operations in both Minnesota and Texas. PNR said the transaction is expected to close in the second qtr of 2007, and that the purchase price is approximately $225 mln or, adjusted for tax benefits, 9.7 times 2007 expected EBITDA. The co expects the acquisition to be approximately $0.03 to $0.04 dilutive in fiscal year 2007, with a significant portion of the dilution attributable to the fair market step-up in inventory. Pentair also announced it is reducing the top end of its previously announced 2007 earning guidance range of $2.00 to $2.15 to reflect the dilutive impact of the acquisition.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below