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Oatey Acquires Certain Assets of The Keeney Manufacturing Company

November 6, 2019

CLEVELAND--(BUSINESS WIRE)--Nov 6, 2019--

Oatey Co., a leader in the plumbing industry since 1916, announced today the acquisition of certain assets of The Keeney Manufacturing Company based in Newington, Connecticut. The transaction includes Keeney’s plastic injection molding operation in Winchester, New Hampshire; its distribution facilities in Buford, Georgia and Sparks, Nevada; and the stock of Keeney’s two international subsidiaries, Tubular Industries of Canada Ltd. and KMC (Jiangmen) Co. Ltd. Substantially all of Keeney’s employees, including those located in Newington, Connecticut, will be joining the Oatey family of companies as part of the transaction.

For more than 96 years, Keeney has been a leading manufacturer and distributor of plastic and brass tubular products, sink repair parts, strainers, toilet repair parts, faucets and other plumbing products. Its products are sold under the Keeney ®, Plumb Pak ® and Belanger ® brand names through retail and wholesale channels.

According to Neal Restivo, CEO of Oatey, “The acquisition of Keeney enables us to provide our customers with an even greater breadth of products and adds the highly recognized and trusted Keeney ®, Plumb Pak ® and Belanger ® brand names to our product offerings. This transaction also significantly enhances our plastic and brass manufacturing capabilities and provides us with additional plastic injection molding capacity in the U.S.”

Keeney will continue to operate as a stand-alone business. The longer-term plan is to integrate the Keeney business in a manner that will leverage both companies’ capabilities. For more information, visit www.oatey.com or www.keeneymfg.com

ABOUT OATEY

Since 1916, Oatey has provided reliable, high-quality products for the residential and commercial plumbing industries. Today, Oatey operates a comprehensive manufacturing and distribution network to supply more than 6,000 products for professional builders, contractors, engineers and do-it-yourself consumers around the world.

Based in Cleveland, Ohio, Oatey has locations in the United States, Canada, Mexico and China. For more information, visit www.oatey.com, call (800) 321-9532 or follow Oatey on Facebook, Twitter, LinkedIn or Instagram.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191106006091/en/

CONTACT: Oatey Co.

Katherine Lehtinen, Director of Marketing

klehtinen@oatey.com

KEYWORD: CONNECTICUT OHIO NORTH AMERICA UNITED STATES SOUTH AMERICA CANADA CENTRAL AMERICA

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE ONLINE RETAIL MANUFACTURING CONSTRUCTION & PROPERTY BUILDING SYSTEMS ARCHITECTURE OTHER MANUFACTURING RETAIL HOME GOODS CHEMICALS/PLASTICS

SOURCE: Oatey

Copyright Business Wire 2019.

PUB: 11/06/2019 05:01 PM/DISC: 11/06/2019 05:01 PM

http://www.businesswire.com/news/home/20191106006091/en