A. O. Smith acquires Canada water heater manufacturer Giant Factories
A. O. Smith announced it has acquired Giant Factories, a Canada-based manufacturer of residential and commercial water heaters, with trailing twelve-month sales of approximately $105 million.
“The addition of Giant strengthens our leadership position as a global supplier of residential and commercial water heaters. The acquisition also supports our corporate strategy by increasing our North America market penetration, creating additional capacity and enhancing our distribution capabilities,” said Kevin J. Wheeler, chairman and chief executive officer. “Along with its rich history, established relationships and talented team, Giant’s values and business approach align with ours, and we look forward to welcoming Giant’s employees to the A. O. Smith family.”