Borets-Weatherford selects Tulsa for North American HQ

• Book ID: 104401064
• Publisher: Elsevier Science
• Year: 2010
• Tongue: English
• Weight: 140 KB
• Volume: 2010
• Category: Article
• ISSN: 1359-6128
• DOI: 10.1016/s1359-6128(10)70523-1

✦ Synopsis

prompted us to evaluate the potential sale of our motor business, with the expectation that we would reinvest the proceeds into high growth opportunities."

With the sale of its electrical products business, AO Smith's core business will be manufacturing residential and commercial water heating equipment and water purification equipment, which reported sales of US$1.1 billion for the first nine months of 2010.

AO Smith will use the proceeds from the proposed sale to explore opportunities in high growth markets and expansion into new geographies and adjacent technologies, with an emphasis on water-related technologies.