Pentair
 |
|
| Public | |
| Traded as | : PNR S&P 500 Component |
| Industry | Water & Fluid Solutions Valves & Controls Technical Solutions |
| Founded | Arden Hills, Minnesota (July 6, 1966) |
| Headquarters |
Worsley, Greater Manchester, UK |
| Revenue | US$ $6.4 Billion (2015) |
|
Number of employees
|
27,600 Worldwide (May 2016) |
| Website | Pentair.com |
Worsley, Greater Manchester, UK
Pentair plc (PNR) is a multinational diversified industrial company incorporated in Ireland with tax residency in UK, with its main U.S. office located in Minneapolis, Minnesota. Pentair was founded in the US, where roughly half of the company's revenue is derived as of 2015. However, PNR was reorganized in 2014, shifting the corporate domicile from Switzerland to Ireland.
Until a major restructuring in 2004, the company was primarily an industrial tool manufacturer. Now, the company's primary focus is water and fluid controls used in the energy, food & beverage and manufacturing industries as well as infrastructure. With fiscal year 2015 revenues of US$6.43 billion, Pentair employs more than 30,000 people worldwide.
Pentair was founded in August 1966 as Pentair Industries, Inc., with the name derived from the Greek root word "penta-" (alluding to the company's five founders), and went public several months later.
Pentair expanded its water product business, acquiring the Fleck Controls control valve business in November 1995. In August 1997, Pentair acquired the General Signal Pump Group.
Pentair expanded its water product business, acquiring the Fleck Controls control valve business in November 1995. In August 1997, Pentair acquired the General Signal Pump Group.
In 1999 under chairman, president, and chief executive officer, Winslow H. Buxton, Pentair made a series of acquisitions. In April 1999, PNR purchased Essef, the global leader in the manufacture of composite water tanks, pumps, filters, and other water equipment used in pools and spas, for the cash-equivalent price of approximately $312 million.
In August 1999, Pentair bought the DeVilbiss Air Power Company for $460 million in cash. DeVilbiss mades air compressors, pressure washers and generators, which complemented Pentair's professional Pneumatics tools that were powered by air compressors such as DeWalt and Porter-Cable.
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