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Zurn Water Solutions Corp., formerly known as Rexnord Corp., has announced that it has completed the previously announced spin-off of its Process and Motion Control (PMC) business in a Reverse Morris Trust transaction.
The remaining Water Management platform is now a stand-alone business under the name Zurn Water Solutions Corp. Shares of our common stock will begin trading on the NYSE tomorrow under the ticker symbol ZWS.
“Today is an exciting day as we transition to a pure-play water solutions company that provides a premier ecosystem of products and solutions that protect human health and the environment,” said Todd A. Adams, chairman and CEO of Zurn Water Solutions. “With the broadest product offerings within water safety and control, hygienic and environmental and flow systems, we are able to help customers save water, protect the environment, reduce cost and ultimately create value. With a strong foundation grounded in a customer-centric and continuous improvement mindset, we will continue to strengthen our competitive advantages and create long-term sustainable value for our associates, customers and shareholders.
“There’s nothing more essential to life than water, yet the world faces a crisis around water quality and quantity,” continued Adams. “That’s why we are relentless in our drive to provide innovative and smart technologies that address sustainability challenges by protecting health, conserving resources, optimizing results, and keeping people safe. We help customers achieve their sustainability goals while we also focus on ours.”
In conjunction with the new name, Zurn Water Solutions has launched a new company website and social properties.