Pentair Acquires Lubrication Systems Manufacturer, ORSCO, Inc.
30 January 1998
Pentair Acquires Lubrication Systems Manufacturer, ORSCO, Inc.ST. PAUL, Minn., Jan. 30 -- Pentair, Inc. today announced it has completed the acquisition of ORSCO, Inc., Shelby Township, Mich. The terms of the transaction were not disclosed. ORSCO manufactures surface, chain, and high-speed spindle lubrication systems that deliver precise amounts of oil to lubricate a wide variety of equipment and components used in automotive assembly operations and other industrial processes. The privately held company, which employs 35 people, has its headquarters and manufacturing facility in Shelby Township, Mich. Although ORSCO is now a wholly owned subsidiary of Pentair's Lincoln Industrial business, it will continue to market products and operate under its own brand name. "This acquisition meets our strategic goal of diversifying the Lincoln Industrial business by supplementing Lincoln's existing range of grease and oil lubrication products with ORSCO's precision oil dispensing systems," said Rick Cathcart, Pentair Water and Fluid Technologies Group President. "We're particularly excited about ORSCO's thin-film oil application technology, the company's distribution connections to the automotive industry, and the environment-friendly features that are characteristic of the entire ORSCO product line. Supported by Lincoln Industrial's well-established marketing programs and its international distribution network, ORSCO products will reach a greater number of customers in a broader range of industries than ever before." Lincoln Industrial manufactures automated and manual lubrication systems and equipment, as well as pumps and pumping stations for thick fluid transfer applications. Headquartered in St. Louis, Mo., Lincoln Industrial operates manufacturing facilities in St. Louis; Walldorf, Germany; Chodov, Czech Republic; and a joint venture operation in Bangalore, India. Additional locations include a technical center in Detroit, Mich., and sales offices in Banbury, U.K.; Mulheim, Germany; Tokyo, Japan; and Singapore. With approximately 10,000 employees worldwide, Pentair ( http://www.pentair.com ) is a diversified global company building exceptional shareholder value through focused industrial growth. Headquartered in St. Paul, Minn., Pentair operates from 52 manufacturing and distribution locations in North America, Europe, and Asia. SOURCE Pentair, Inc.