Werner Acquires Knaack
Werner Co. announced that it has acquired 100 percent of the ownership of Knaack LLC, a unit of Emerson’s Commercial & Residential Solutions business. The acquisition brings to Werner the Knaack and Weather Guard brands, which will both complement and expand Werner’s product offering in the professional channel.
“The union of Werner and Knaack creates a product portfolio that will allow us to leverage the broader company networks in manufacturing, distribution, sales and marketing to strengthen our position in the industrial/construction segment,” said William T. Allen, president and CEO at Werner Co. “This strategic acquisition will diversify our business, build on our existing global infrastructure and continue to create value to grow our company for our keystakeholders and employees throughout the world.”
“We are proud to join the Werner family. Our category leading products combined with Werner’s market leadership creates an opportunity to provide enhanced service and expanded offerings to our customers,” said Frank Carroll, President at Knaack.