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Water, Water Everywhere for Mueller Water Products Inc. (MWA)

Source: http://Blog.QualityStocks.net/?p=12409
Posted on Wednesday, September 17th, 2008 | In Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -

Mueller Water Products Inc. (MWA) manufactures and markets infrastructure and flow control products for use in water distribution networks and treatment facilities. As part of the Industrial Equipment and Components industry, they trade on the New York Stock Exchange and have their corporate headquarters in Atlanta, Georgia. They market a diverse range of products including engineered valves, hydrants, ductile iron pipe, and pipe fittings. Municipalities, commercial and residential construction, oil and gas, HVAC, and fire protection industries use their products.

Mueller consists of three main operating segments. These are Mueller Co., U.S. Pipe, and Anvil. The company as a whole employs approximately 6,600 people. As of September 30, 2007, their installed products included approximately three million fire hydrants and nine million iron gate valves. Their products have specific clearance for use in the top 50 metropolitan areas in the U.S. They are also a distributor for other companies’ products, especially in Canada.

Headquartered in Decatur, Illinois, the Mueller Co. segment is the largest full-line supplier of flow control products used in distribution systems for municipal potable water and natural gas. They market their products under the brand names Mueller, Pratt, Hersey, Jones, and Centurion, to municipalities, publicly and privately owned water and wastewater utilities, gas utilities, fire protection, and construction contractors.

The U.S. Pipe segment of the company is a leading domestic producer of ductile iron pipe, mainly used for clean water transmission. Their headquarters are in Birmingham, Alabama. This segment provides their products to water works distributors, contractors, municipalities, private utilities, and other government agencies.

The Anvil International segment is the largest manufacturer in the world of pipe fittings, couplings, pipe hangers, pipe nipples, and supports. These products find use in mechanical, fire protection, and other piping systems. They sell their products to commercial contractors via distributors. This segment’s headquarters is in Portsmouth, New Hampshire.

On September 2, the company announced Robert G. Leggett as chief operating officer of Mueller Water Products, Inc. He is responsible for the day-to-day operations of Mueller Water Products’ three business segments. All three segments will now report directly to Mr. Leggett. He has over 25 years of general management experience, including operations, marketing, and new product development.

Mueller Water Products Inc. through their large installed base, varied products, and name brands have long-standing relationships with key distributors in their industry. Their acquisition strategy and leading market position have contributed to their strong operating margins and sales growth.

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