What Companies Does Zurn Own? A Quick Overview

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Zurn Industries, LLC is a global leader in smart, sustainable water solutions and products. The company is known for its innovative products and services that help customers conserve water and reduce energy consumption. With a rich corporate history spanning over a century, Zurn has grown to become one of the most respected companies in the industry.

Zurn's logo displayed prominently on a variety of building materials and fixtures, including pipes, valves, and fittings

One of the key questions that many people ask is, “What companies does Zurn own?” The answer to this question is not straightforward, as the company has been involved in a number of strategic business acquisitions over the years. These acquisitions have helped Zurn expand its product portfolio and increase its market presence, while also enhancing its financial performance.

In this article, we will take a closer look at Zurn’s corporate history, product portfolio, strategic business acquisitions, financial performance, sustainability and innovation, market presence, investor relations, subsidiaries and brands, and key partnerships and collaborations. We will explore the various companies that Zurn has acquired over the years and examine how these acquisitions have helped the company achieve its goals.

Key Takeaways

  • Zurn Industries, LLC is a global leader in smart, sustainable water solutions and products.
  • The company has been involved in a number of strategic business acquisitions over the years, which have helped it expand its product portfolio and increase its market presence.
  • Zurn’s focus on sustainability and innovation has helped it stay ahead of the competition in the industry.

Zurn’s Corporate History

The Zurn Corporation's history is depicted through a series of acquisitions and mergers, showcasing the diverse range of companies it owns

Zurn Industries is a leading provider of water solutions for commercial, municipal, and industrial applications. The company has a rich history that dates back to the early 1900s. This section will explore the origins and growth of Zurn Industries and its mergers and acquisitions.

Origins and Growth

Zurn Industries was founded in 1900 by John A. Zurn in Milwaukee, Wisconsin. The company started as a small brass foundry and quickly grew into a leading manufacturer of plumbing products. By the 1930s, Zurn’s two sons, Melvin and Everett, took an active role in the company, despite being amid one of the country’s worst economic downturns. The Great Depression arguably hit manufacturing and machine tooling the hardest.

In 1950, Zurn Industries moved its headquarters to Erie, Pennsylvania. This move allowed the company to expand its operations and reach new markets. Throughout the 1950s and 1960s, Zurn Industries continued to grow and innovate. The company introduced new products and technologies that helped to establish it as a leader in the plumbing industry.

Mergers and Acquisitions

In 1972, Zurn Industries acquired Wilkins, a leading manufacturer of backflow prevention devices. This acquisition helped to expand Zurn’s product line and reach new customers. In 1988, in need of investment to continue its growth, Zurn Industries was bought by Jacuzzi. Jacuzzi was a well-known manufacturer of whirlpool bathtubs, and the acquisition helped to diversify its product line.

In 1999, Zurn Industries was acquired by the Rexnord Corporation, a diversified industrial company based in Milwaukee, Wisconsin. This relationship culminated in a major deal where Zurn was spun off to form a separate, publicly traded company known as Zurn Water Solutions. This transaction allowed Zurn to focus on its core mission and portfolio of water solutions.

In 2022, Zurn Water Solutions announced that it would be combining with Elkay Manufacturing, a market leader in the commercial drinking water solutions business. This merger will create a leading provider of sustainable water solutions for commercial, municipal, and industrial applications.

Overall, Zurn Industries has a long and storied history that has helped to establish it as a leader in the plumbing and water solutions industry. The company’s focus on innovation, quality, and customer service has helped it to grow and adapt to changing market conditions.

Zurn’s Product Portfolio

Zurn's product portfolio includes a variety of brands and companies in the building and construction industry

Zurn’s product portfolio includes a wide range of plumbing solutions, drainage systems, and water safety and control products. The company has been providing innovative products for over a century, and their expertise in manufacturing has made them a trusted name in the industry.

Plumbing Solutions

Zurn offers a variety of plumbing solutions for commercial and residential buildings. Their product line includes faucets, flush valves, and fixtures that are designed to be durable and efficient. Zurn’s plumbing solutions are also water-efficient, helping to conserve water and reduce utility bills.

Drainage Systems

Zurn’s drainage systems are designed to provide reliable and efficient water management solutions. Their product line includes floor drains, trench drains, and roof drains that are engineered to meet the needs of any building project. Zurn’s drainage systems are also designed to be easy to install and maintain, making them a popular choice for contractors and building owners.

Water Safety and Control

Zurn’s water safety and control products are designed to protect buildings and their occupants from water damage and contamination. Their product line includes backflow preventers, pressure regulators, and water control valves that are designed to meet the highest industry standards. Zurn’s water safety and control products are also easy to install and maintain, ensuring that they provide reliable protection for years to come.

In summary, Zurn’s product portfolio includes a wide range of plumbing, drainage, fire protection, safety, water safety, and water control solutions. The company’s commitment to innovation and quality has made them a trusted name in the industry, and their products are used in commercial and residential buildings around the world.

Strategic Business Acquisitions

The scene depicts a corporate setting with multiple companies' logos under the umbrella of Zurn, symbolizing strategic business acquisitions

Zurn Water Solutions has made several strategic business acquisitions over the years, allowing the company to expand its product offerings and increase its market share. Two of the most notable acquisitions are the Jacuzzi brand and the merger with Rexnord Corporation.

Jacuzzi Brand Acquisition

In 2018, Zurn Water Solutions acquired the Jacuzzi brand, a well-known name in the hot tub and whirlpool industry. The deal included the purchase of Jacuzzi’s bath and spa business, which manufactures and distributes hot tubs, whirlpool baths, and other related products. The acquisition allowed Zurn to expand its product offerings into the residential market and enter a new industry with a strong brand name.

The acquisition was made through a cash transaction, with Zurn purchasing all outstanding shares of Jacuzzi’s bath and spa business. The deal was valued at $70 million and was expected to be immediately accretive to Zurn’s earnings.

Rexnord Merger Details

In 2022, Zurn Water Solutions announced its merger with Rexnord Corporation, a global industrial company that specializes in power transmission and water management products. The transaction was completed in July of that year, and the combined company was renamed Zurn Elkay Water Solutions.

The merger was a strategic move for Zurn, as it allowed the company to expand its product offerings and increase its market share in the water management industry. The transaction was structured as a tax-free spin-off of Rexnord’s water management business, with Zurn acquiring all outstanding shares of the new company.

The merger was completed through a stock-for-stock transaction, with Zurn shareholders receiving one share of the new company for each share of Zurn they owned. The deal was valued at approximately $2.6 billion and was expected to generate significant cost savings and revenue synergies for the combined company.

Overall, Zurn’s strategic business acquisitions have allowed the company to expand its product offerings and increase its market share in the water management industry. With the addition of the Jacuzzi brand and the merger with Rexnord Corporation, Zurn is well-positioned to continue its growth and success in the years to come.

Financial Performance

Zurn's financial holdings include diverse companies

Revenue and Profitability

Zurn Water Solutions has been performing well financially, according to recent reports. In the fourth quarter of 2021, the company’s net sales increased by 23% year over year, reaching $232.3 million. This growth is impressive and suggests that Zurn Water Solutions is on a positive trajectory. In the first quarter of 2022, the company’s net sales increased by 17% to $240 million compared with $205 million in the same period last year. These results indicate that Zurn Water Solutions is continuing to perform well and generate revenue.

Stock Market Presence

Zurn Water Solutions is listed on the New York Stock Exchange (NYSE) under the ticker symbol ZWS. The company’s stock price has been performing well, with a current stock price of $32.54 as of February 10th, 2024. The company has a market capitalization of $4.1 billion. Zurn Water Solutions does not currently pay a dividend, but this may change in the future.

The company’s price performance has been positive, with a year-to-date return of 12.5% as of February 10th, 2024. Analyst recommendations for Zurn Water Solutions are mixed, with some analysts giving the stock a “buy” rating and others giving it a “hold” rating. Institutional ownership of the company is high at 84.7%, indicating that many large investors have confidence in the company’s future.

Zurn Water Solutions has been generating net income of around $100 million annually, which is a healthy amount for a company of its size. Overall, the company’s financial performance has been strong, and it appears to be well-positioned for continued growth in the future.

Sustainability and Innovation

A modern, eco-friendly facility with advanced technology and sustainable practices

Zurn is committed to sustainability and innovation in the water solutions industry. The company emphasizes eco-friendly practices and the development of connected products to meet the needs of its customers while preserving the environment.

Eco-Friendly Practices

Zurn is dedicated to producing sustainable plumbing products that reduce water consumption and lower the carbon footprint. The company has implemented a closed-loop recycling program to reduce waste and conserve resources. Zurn’s products are designed to meet the highest standards of quality and sustainability, and the company has received numerous awards for its eco-friendly practices.

Connected Products Development

Zurn is constantly innovating and developing connected products that provide real-time data and analytics to help customers manage their water usage more efficiently. The company’s connected products are designed to provide insights into water usage patterns and identify areas where improvements can be made. By leveraging the power of the Internet of Things (IoT), Zurn is helping its customers save money and reduce their environmental impact.

In conclusion, Zurn is a leader in sustainable plumbing products and connected products development. The company is committed to providing high-quality products and services that are eco-friendly and innovative. By focusing on sustainability and innovation, Zurn is helping its customers save money and reduce their impact on the environment.

Zurn’s Market Presence

Zurn's market presence is depicted through a network of interconnected companies and brands under its ownership

Zurn Industries, LLC is a leading manufacturer of plumbing products and accessories for commercial, municipal, and industrial markets. The company has a strong global presence, with operations in North America, Europe, and Asia.

Commercial and Industrial Markets

Zurn provides a wide range of plumbing solutions for commercial and industrial markets. Its products include drainage systems, water control products, cast metals, hydrants, flush valves, and more. The company’s products are designed to meet the needs of various industries, including healthcare, hospitality, education, and retail.

Zurn has a strong reputation for quality and reliability, and its products are widely used in commercial and industrial buildings around the world. The company’s commitment to innovation and sustainability has helped it stay ahead of the competition and maintain its position as a market leader.

Global Expansion

Zurn has a strong global presence, with operations in North America, Europe, and Asia. The company’s headquarters are located in Milwaukee, WI, where it was founded in 1900. Since then, the company has expanded its operations to include manufacturing facilities and distribution centers around the world.

Zurn’s global expansion has been driven by its commitment to quality and innovation. The company’s products are designed to meet the needs of customers around the world, and its manufacturing facilities are equipped with the latest technology to ensure consistent quality and efficiency.

In conclusion, Zurn Industries, LLC is a leading manufacturer of plumbing products and accessories for commercial, municipal, and industrial markets. The company has a strong global presence, with operations in North America, Europe, and Asia. Its commitment to quality and innovation has helped it stay ahead of the competition and maintain its position as a market leader.

Investor Relations

A desk with a computer displaying Zurn's portfolio, a stack of financial reports, and a phone with a list of company names

Zurn Elkay Water Solutions is a publicly traded company listed on the New York Stock Exchange (NYSE: ZWS). The company’s Investor Relations team is committed to providing timely, accurate, and comprehensive information to its shareholders and the investment community.

Shareholder Communications

Zurn Elkay Water Solutions values its shareholders and strives to maintain open lines of communication. The company regularly communicates with its shareholders through quarterly earnings releases, annual reports, and other SEC filings. The Investor Relations team also hosts conference calls and webcasts to discuss the company’s financial results and business strategy.

Additionally, shareholders can sign up for email alerts to receive notifications of new press releases, SEC filings, and other important updates. Shareholders can also contact the Investor Relations team directly with any questions or concerns.

Risk Management

Zurn Elkay Water Solutions recognizes the importance of risk management and has implemented rigorous policies and procedures to identify, assess, and mitigate risks. The company’s Risk Management team works closely with other departments to ensure that all risks are appropriately managed.

Zurn Elkay Water Solutions also has a strong commitment to corporate social responsibility and sustainability. The company’s Environmental, Social, and Governance (ESG) policies and practices are designed to mitigate environmental and social risks while promoting sustainable business practices.

Overall, Zurn Elkay Water Solutions is committed to maintaining strong relationships with its shareholders and managing risks in a responsible and sustainable manner.

Subsidiaries and Brands

Zurn, a company, owns various subsidiaries and brands. The scene could include a corporate office with logos of the different companies displayed

Zurn is a leading brand in the water control and conservation industry. Over the years, Zurn has strategically acquired companies to expand its portfolio and reach in the water solutions market. Here are some of Zurn’s subsidiaries and brands:

Just Manufacturing

Just Manufacturing is a subsidiary of Zurn that specializes in manufacturing stainless-steel sinks. Just Manufacturing’s sinks are known for their durability and quality. They are used in various settings, including commercial kitchens, hospitals, and laboratories.

Wilkins

Wilkins is a brand under Zurn that provides water control solutions. Wilkins’ products include backflow prevention devices, pressure reducing valves, and water pressure regulators. Wilkins’ products are designed to ensure the safety and quality of water in commercial and residential buildings.

Zurn Water Solutions Corporation

Zurn Water Solutions Corporation is a subsidiary of Zurn that provides water solutions for commercial, industrial, and institutional applications. Zurn Water Solutions Corporation’s products include plumbing fixtures, drainage systems, and water control valves. Zurn Water Solutions Corporation’s products are designed to conserve water and energy while maintaining high performance.

Zurn’s subsidiaries and brands are known for their quality and innovation in the water solutions market. With its extensive portfolio of products and services, Zurn is well-positioned to meet the needs of its customers in various industries.

Key Partnerships and Collaborations

Zurn's key partnerships and collaborations are depicted through a network of interconnected companies, symbolized by overlapping circles and lines

Zurn Water Solutions has a long-standing history of partnerships and collaborations with industry leaders to deliver innovative solutions to its customers. In this section, we will discuss two of Zurn’s key partnerships and collaborations.

Regal Beloit Alliance

Regal Beloit is a leading manufacturer of electric motors, mechanical and electrical motion controls, and power generation products. Zurn has a strategic alliance with Regal Beloit to provide highly efficient and reliable motors for its pumps and other water management solutions. This partnership has enabled Zurn to offer a wide range of energy-efficient products that help customers reduce their energy consumption and operating costs.

Zurich Insurance Group Engagement

Zurich Insurance Group is a leading multi-line insurer that serves customers in global and local markets. Zurn has partnered with Zurich Insurance Group to offer comprehensive risk management solutions to its customers. This engagement has enabled Zurn to provide its customers with tailored insurance solutions that protect their assets and mitigate risks.

Zurn’s partnerships and collaborations with industry leaders have helped it to deliver innovative solutions to its customers. By leveraging the expertise of its partners, Zurn has been able to develop products that are highly efficient, reliable, and cost-effective.

Conclusion

Zurn's logo displayed on a variety of products, including plumbing fixtures, water control systems, and drainage solutions

Zurn is a company that has expanded through strategic acquisitions and now owns a variety of companies in the water solutions industry. The company emphasizes high-quality manufacturing and maintains a strong commitment to sustainability. Through its growth and initiatives, Zurn maintains a significant presence in the global water industry.

Looking towards the future, Zurn is set to become an even larger player in the industry. The company recently announced a merger with Elkay Manufacturing, creating a leader in sustainable water solutions. Upon completion of the transaction, Zurn Water Solutions shareholders will own approximately 71% and Elkay shareholders will own approximately 29% of the combined and newly named company – Zurn Industries, LLC. This merger is expected to create a company with a combined revenue of over $3 billion.

Zurn’s outlook is positive as the demand for water solutions continues to grow. The company’s focus on sustainability and commitment to high-quality manufacturing make it well-positioned for continued growth in the industry. With a strong portfolio of companies and a commitment to innovation, Zurn is poised to remain a leader in the water solutions industry for years to come.

In conclusion, Zurn’s growth and commitment to sustainability make it a company to watch in the water solutions industry. With the recent merger with Elkay Manufacturing, Zurn is set to become an even larger player in the industry. As the demand for water solutions continues to grow, Zurn’s focus on sustainability and high-quality manufacturing make it well-positioned for continued success.