Mueller expands leak detection, pipe condition diagnostic capabilities with acquisition
ATLANTA, GA, Jan. 4, 2011 -- Mueller Water Products is expanding its ability to help municipalities rebuild North America's aging water infrastructure with the acquisition of Echologics Holdings, the parent company of Echologics Engineering Inc...
ATLANTA, GA, Jan. 4, 2011 -- Mueller Water Products Inc. (NYSE: MWA), a leading manufacturer and marketer of products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities, is expanding its ability to help municipalities rebuild North America's aging water infrastructure with the acquisition of Echologics Holdings, the parent company of Echologics Engineering Inc.
Mueller Water Products purchased Echologics for $8.0 million in cash in mid-December. The company, which was founded in 2003, will continue to operate under the Echologics name as a division of Mueller Co.
Based in Toronto, Echologics is a leader in the development of water infrastructure diagnostic technologies for water loss management, leak detection and pipe condition assessment. Echologics has pioneered advanced technologies that locate leaks and potential leaks and provide utilities with an assessment of the structural thickness of their pipes using non-invasive acoustic wave analysis.
"The ability to help municipalities identify where leaks are occurring, as well as diagnose the overall condition of their piping systems, is crucial as they repair or replace their aging water infrastructures and better manage their water resources," said Gregory E. Hyland, chairman, president and chief executive officer of Mueller Water Products. "Echologics enhances our ability to provide municipalities with the essential products and services needed in the transmission and distribution of drinking water."
"We are excited about becoming part of Mueller Water Products and continuing Mueller's long history of offering municipalities the innovative products they need to keep their water infrastructure systems in optimum condition," said Marc Bracken, vice president and general manager of Echologics.
About Mueller Water Products Inc.
Mueller Water Products Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities throughout North America. Our broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries. With latest 12 months net sales through September 30, 2010 of $1.3 billion, the Company is comprised of three operating segments: Mueller Co., U.S. Pipe and Anvil. Based in Atlanta, Georgia, the Company employs approximately 4,800 people. The Company's common stock trades on the New York Stock Exchange under the ticker symbol MWA. For more information about Mueller Water Products Inc. visit muellerwaterproducts.com.
About Echologics Holdings
Echologics Holdings is the parent company of Echologics Engineering Inc. Echologics Engineering is a manufacturing, service and marketing company dedicated to helping water utilities reduce water loss with subsequent benefits in monetary, environmental and health costs to the communities. Echologics is a leader in the development of water infrastructure diagnostic technologies for water loss management, leak detection and pipe condition assessment. Founded in 2003, Echologics is based in Toronto and employees 20 people. For more information visit echologics.com.