ITT Industries Inc. announced that it has acquired the business and assets of Ellis K. Phelps & Co. of Apopka, Fla. Phelps has long been the largest U.S. distributor of products sold under ITT's Flygt brand for the wastewater pumping and treatment market. Terms of the transaction were not disclosed.
“This acquisition will provide a foundation for support and sales growth in our $2.3 billion global water and wastewater business, and firmly secure our position as a premier supplier of related products in the Florida-Georgia region,” says Robert Ayers, president of ITT Industries' Fluid Technology.