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AO Smith buys boiler maker Lochinvar
July 24th, 2011
PCEHosting From the Associated Press — Milwaukee — Water heater maker A.O. Smith Corp. will acquire boiler maker Lochinvar Corp. for $ 418 million. The deal does not include the privately held company’s existing debt, A.O. Smith said. The deal should add to A.O. Smith’s profits by 10 cents per share starting in the fourth quarter, except [...]




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