Hunter Industries and Senninger Irrigation announce today their entrance into a due diligence phase toward an intended acquisition of Senninger Irrigation by Hunter Industries. Hunter and Senninger have been strategic partners since 2004 through an OEM relationship.
Senninger President James Burks comments, "Our history of success together as separate organizations provides a solid indicator of our positive future as a unified team."
Senninger is a Florida-based irrigation manufacturer of water and energy efficient sprinklers, spray nozzles, pressure regulators and other irrigation tools for agriculture, mining, effluent and wastewater applications, and the dairy industry. Operations were started in 1963 by Joe Senninger with nephews Andy and Mark Healy joining him, respectively, in 1964 and 1965. Throughout its more than five decades of business, Senninger has remained a privately held corporation.
This acquisition adds to Hunter's growing revenue stream through expansion into Senninger's markets. "Hunter and Senninger combine to create a very talented team of engineers and manufacturing professionals. We are very excited about working together with their teams to bring innovations to our shared channels," said Greg Hunter, chief executive officer at Hunter.
"There has been an opportunity for both companies, over three decades, to casually observe each other's development and behavior, providing insight into the character and reputation of each respective company, their founders and management. Cultural alignment was a key factor for both organizations in opening discussions focused on an acquisition," said Burks.
The due diligence phase is expected to complete by mid-September. As always Senninger will continue to provide the high quality products and services its customers have come to expect.
About Hunter Industries
Hunter Industries is a global manufacturer of products for the irrigation, landscape lighting, and custom manufacturing sectors. Founded in 1981, the family-owned company offers more than 1,000 products including a complete spectrum of water-efficient solutions for residential and commercial irrigation systems. Hunter's mission is to produce innovative products of the highest quality and back them with unwavering customer support.