Rexnord Adds Plumbing Platform
RBS Global, Inc., the parent company of Rexnord Corporation, will acquire the plumbing products business of Jacuzzi Brands, Inc. for $950 million in cash. Rexnord anticipates the purchase price will be financed through an equity investment by private equity firm Apollo Management and its affiliates of $290 million and debt financing of approximately $660 million. […]
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