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Another acquisition: ASC acquires Ward

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dko
dko Member Posts: 669
edited February 2024 in THE MAIN WALL


Now they have a monopoly on domestic fittings (Anvil / Ward).
Looks like having a monopoly on only USA manufacturing is not enough to block it.

Comments

  • EBEBRATT-Ed
    EBEBRATT-Ed Member Posts: 18,353
    edited February 2024
    I just hope it is or stays American made. China will own us soon enough. The scary part is where they say "nothing will change" which means everything will change.
    PeteAMikeAmannMad Dog_2
  • Steamhead
    Steamhead Member Posts: 17,927
    Private equity?
    All Steamed Up, Inc.
    Towson, MD, USA
    Steam, Vapor & Hot-Water Heating Specialists
    Oil & Gas Burner Service
    Consulting
  • realliveplumber
    realliveplumber Member Posts: 354
    Wolverine Brass was acquired twice, most recently by Marcone, an appliance parts distributor.

    They are quickly ruining the company.
    Mad Dog_2
  • mateo
    mateo Member Posts: 1
    Great acquisition by a very respected company. They have made many acquisitions in the past few years and have done a great job with each. They have always been committed to American made products and I have no doubts they will integrate this newest acquisition into their product offering quite well.
    dkoMad Dog_2
  • delcrossv
    delcrossv Member Posts: 2,187
    mateo said:
    Great acquisition by a very respected company. They have made many acquisitions in the past few years and have done a great job with each. They have always been committed to American made products and I have no doubts they will integrate this newest acquisition into their product offering quite well.
    Monopolies don't usually work out that way, but I like your optimism. 
    Trying to squeeze the best out of a Weil-McLain JB-5 running a 1912 1 pipe system.
    GGrossHydronicMikeMad Dog_2
  • dko
    dko Member Posts: 669
    edited August 19

    Here we are a year and a half later.

    Anvil has dismantled Ward and demolishing their foundries. Ward will cease to exist.

    They have sent out a price increase letter today, which will increase the cost of the staple BCI fittings by a very significant amount.

  • Waher
    Waher Member Posts: 337
    edited August 21

    https://www.weny.com/story/52885593/buyer-announced-for-ward-manufacturing-foundry-in-blossburg

  • EBEBRATT-Ed
    EBEBRATT-Ed Member Posts: 18,353

    Sounds like a good business move to me.

    If you can't beat your competition……buy them and put them out of business and reap the rewards.

    Most Cast Iron fittings use is limited now with steam dwindling. Most supply houses don't even stock CI.

    Its just like anything else you buy when less of it is made and sold the price will rise.

    Plastic, pex, propress, megapress, poly,CSST all didn't exist much 50 years ago. As time goes on there will be less and less steel and CI and copper.

  • Mad Dog_2
    Mad Dog_2 Member Posts: 8,294

    Very sad. Mad Dog

    Consulting by Mad Dog & Matt Jr.
    Waher

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