CLEVELAND–(BUSINESS WIRE)–Oatey Co., a leader in the plumbing industry, has acquired certain assets of The Keeney Manufacturing Company based in Newington, Connecticut.
The transaction includes Keeney’s plastic injection molding operation in Winchester, New Hampshire; its distribution facilities in Buford, Georgia and Sparks, Nevada; and the stock of Keeney’s two international subsidiaries, Tubular Industries of Canada Ltd. and KMC (Jiangmen) Co. Ltd.
Substantially all of Keeney’s employees, including those located in Newington, Connecticut, will be joining the Oatey family of companies as part of the transaction.
For more than 96 years, Keeney has been a leading manufacturer and distributor of plastic and brass tubular products, sink repair parts, strainers, toilet repair parts, faucets and other plumbing products. Its products are sold under the Keeney®, Plumb Pak® and Belanger® brand names through retail and wholesale channels.
According to Neal Restivo, CEO of Oatey, “The acquisition of Keeney enables us to provide our customers with an even greater breadth of products and adds the highly recognized and trusted Keeney, Plumb Pak and Belanger brand names to our product offerings. This transaction also significantly enhances our plastic and brass manufacturing capabilities and provides us with additional plastic injection molding capacity in the U.S.”
Keeney will continue to operate as a stand-alone business. The longer-term plan is to integrate the Keeney business in a manner that will leverage both companies’ capabilities.