Mueller Water Products Acquires Fast Fabricators

Atlanta, GA — Mueller Water Products, Inc. has announced that it has acquired the assets of Fast Fabricators, Inc., one of the largest, independently-owned fabricators of ductile iron pipe serving the water and wastewater treatment plant market in the United States. The $24.5 million cash transaction closed on January 4, 2007.

"The acquisition of this pipe fabrication, coating and lining business will allow us to increase our product offering in the growing water and waste water treatment plant market, as well as increase the sales of our value-added ductile iron pipe products," said Mueller Water Products Chairman and CEO Gregory E. Hyland. "With locations in ten states, Fast Fabricators is strategically located close to a number of growing water infrastructure markets."

Fast Fabricators is based in Bloomfield, CT and currently employs approximately 265 people. It is not expected that the acquisition will affect any jobs or locations. Patrick J. Sullivan will continue in his role as President of Fast Fabricators.

SOURCE: Mueller Water Products