Water treatment specialist Pentair has completed the acquisition of beverage equipment firm Ken’s Beverage Inc (KBI) in a deal worth $80 million.
Headquartered in Montgomery, Illinois, KBI has provided beverage equipment such as fountain dispensers, brewers and water filters to commercial customers for over 35 years. The company also specialises in equipment services such as installation and preventive maintenance.
KBI has over 30 branches and over 300 trained technicians across the US, with offices located in Michigan, Wisconsin, Minnesota, Texas and Louisiana.
Pentair claims that the purchase of KBI will significantly enhance its product offering and its service capabilities for commercial customers across the US.
Mario D’Ovidio, executive vice-president at Pentair, said: “We are excited about the addition of KBI and the new growth opportunities it brings as we advance our strategy to provide a full suite of products and services for commercial customers.
“This acquisition further realizes our vision to be the leading provider of residential and commercial water treatment solutions, delivering smart, sustainable solutions that empower customers to make the most of life’s essential resources.”
Ken Reimer, founder of KBI and commercial services business development leader for Pentair Water Treatment Services, added: “We are pleased to become a part of Pentair.
“With our shared commitment to delivering exceptional beverage services and solutions to our customers, I am personally looking forward to continuing to grow the service capability as part of the Pentair team.”
© FoodBev Media Ltd 2023