Badger Meter Signs Agreement to Acquire Assets of Carolina Meter & Supply
For Additional Information Contact:
Judson Luke (414) 371-6227
MILWAUKEE, Nov. 1, 2017…..Badger Meter, a leading global innovator and manufacturer of flow measurement, control and communications solutions, today announced it has signed an agreement to acquire assets of Carolina Meter & Supply, based in Wilmington, North Carolina, as well as to hire the company’s five employees. Carolina Meter distributes Badger Meter products to municipal water utility customers in North Carolina, South Carolina and Virginia. Following the acquisition, Carolina Meter will do business as “National Meter & Automation,” Badger Meter’s wholly-owned distribution sales organization.
“The acquisition of Carolina Meter is the third in our ongoing strategy to enhance Badger Meter’s sales channels,” said Richard A. Meeusen, Badger Meter chairman, president and chief executive officer. “By doing so, customers can expect faster delivery times of in-stock products, and more importantly, expanded sales, technical and operational support services across the country.”
“Our National Meter & Automation distribution group, as well as our independent distributor partners, exemplify the highly responsive, customer-first approach that consistently delivers Badger Meter products when and where our customers need them. With more than a century of water metering expertise, Badger Meter brings proven, industry-leading metering solutions and innovation to our customers. The combination of our superior distribution network and Badger Meter water metering innovations will continue to drive value for our customers and our company into the future,” Meeusen added.
The acquisition is effective Nov. 1, 2017. Terms of the transaction were not disclosed.
About Badger Meter
Badger Meter is an innovator in flow measurement, control and communications solutions, serving water utilities, municipalities, and commercial and industrial customers worldwide. The Company’s products measure water, oil, chemicals, and other fluids, and are known for accuracy, long-lasting durability and for providing valuable and timely measurement data. For more information, visit www.badgermeter.com.