Brookfield has acquired Reliance Worldwide Corporation for an undisclosed amount. This transaction brings the global manufacturer of innovative plumbing products under new ownership. Reliance Worldwide Corporation, founded in Australia in 1936, has built a reputation for transforming water control, management, and connection through brands like SharkBite, JG Speedfit, Reliance Valves, HoldRite, and Holman. Its products, designed to be easier and safer to use while also being better for the planet, are essential in homes, commercial buildings, and various industrial applications. The company operates as one global business across forty-five facilities in twenty countries, with global headquarters in Atlanta and regional headquarters in Sydney and London, and is listed on the Australian Stock Exchange.
This acquisition represents a strategic expansion for Brookfield, securing a leading position in the vital plumbing and water management sector. Reliance Worldwide Corporation's extensive portfolio of established brands and its global operational network across the Americas, EMEA, and APAC regions provide a robust platform. The move is anticipated to foster synergies by combining Brookfield's investment capabilities and operational insights with Reliance's deep industry expertise, manufacturing prowess, and commitment to innovation. This alignment is expected to accelerate the development of new solutions and enhance market penetration for Reliance's essential product lines.
The combined entity is well-positioned to capitalize on growing demand for efficient and sustainable plumbing solutions worldwide. With Brookfield's backing, Reliance Worldwide Corporation can further its mission of continuous innovation and growth, creating enhanced value for its customers and stakeholders. The focus will remain on delivering high-quality, essential products that improve water management and connectivity globally.