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Homewerks Worldwide Acquires LDR Global Product Lines to Expand Plumbing Business
Wednesday 15 May 2019

15 May 2019 - Chicago, US-based plumbing business Homewerks Worldwide, LLC has entered into an agreement for the acquisition of Chicago-based plumbing product lines of LDR Global Industries, LLC, a manufacturer and distributor of plumbing products, the company said.
Terms of the transaction were not disclosed.
Under the terms of the agreement, LDR's acquired business segments and brands will be merged into Homewerks' product portfolio.
The transaction is expected to close by early July 2019.
STZ Industries LLC, the new operating entity for LDR, will continue to service its customers with rough plumbing product lines it will retain, including high quality malleable fittings, nipples, and steel pipes.
Homewerks hopes to further enhance its successful relationships with major home improvement and hardware retailers by offering more complimentary product lines.
Homewerks Worldwide, LLC develops, sources, and markets bathroom, kitchen, and plumbing products for home and commercial use under the Homewerks, Home NetWerks, Home2O, Tosca, and Aqua Vista brand names.
LDR Global Industries, LLC is a distributor of plumbing products to the home improvement industry.
Details
Date Published: 15/05/2019
Target: LDR Global Industries
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Homewerks Worldwide
Comment:
Terms of the deal were not disclosed

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