November 12, 2018 by

Mueller acquiring Krausz Industries, Ltd.

Mueller Water Products, Inc. has announced it has signed a definitive agreement to acquire Krausz Industries, Ltd., a manufacturer of pipe couplings, grips and clamps, for $140 million in cash.

Krausz Industries provides a full suite of innovative and proprietary pipe couplings, grips and clamps under the HYMAX brand for the global water and wastewater industries. The Company was founded in 1920 and is headquartered in Tel Aviv, Israel, with manufacturing operations in Israel, distribution facilities in the U.S., and 300 employees world-wide. Krausz had net sales of approximately $43 million in 2017 with approximately 75 percent of its sales generated in North America.

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