Trenchless Technology

NOV 2018

Trenchless Technology is the premier communications vehicle for the trenchless industry. Through our multiple platforms, readers receive insights into the trenchless industry, as well as keep connected to the latest news, products and projects.

Issue link:

Contents of this Issue


Page 18 of 68

18 T R E N C H L E S S T EC H N O LO GY N OV E M B E R 2018 SkillsUSA has announced that NASSCO has signed on to become an official sponsor of the organization. NASSCO is committed to setting industry standards for the assessment, maintenance and rehabilitation of underground infrastructure, and to assure the continued acceptance and growth of trenchless technologies. " The underground infrastructure industry offers extremely viable and robust career opportunities in the water and wastewater sectors," said NASSCO executive director Sheila Joy. "Using impressive trenchless technologies that minimize the need to dig up pipes literally has changed the landscape for hiring young workers. Our partnership with SkillsUSA allows us to build awareness of the need to repair our failing underground infrastructure, support the construction segment and present career opportunities to young people who are seeking long-term, meaningful employment in an industry that keeps our communities healthy." " This amazing sponsorship from NASSCO will help support critical programming at SkillsUSA's National Leadership and Skills Conference including the SkillsUSA Championships to be held in Louisville, Ky., June 24-28, 2019," said SkillsUSA executive director Tim Lawrence. Nationwide, career and technical education (CTE) encompasses 94 percent of high-school students in the United States and 13 million college/postsecondary students in high schools, career centers, community and technical colleges, four-year universities and more. CTE and SkillsUSA are working to be a vital solution to our nation's economic and workforce challenges, such as high-school dropout rates, a weakened economy, global competitiveness and massive layoffs. At a time when opportunity for employment is critical, SkillsUSA and CTE are working to ensure students are equipped with the skills to successfully enter the workforce. SkillsUSA is a nonprofit partnership of students, instructors and industry ensures America has the skilled workforce it needs to stay competitive. Founded in 1965 and endorsed by the U.S. Department of Education, the association serves more than 360,000 students and instructors each year in middle schools, high schools and colleges. This diverse talent pipeline covers 130 trade, technical and skilled service occupations, the majority STEM-related. More than 600 corporations, trade associations, businesses and labor unions actively support SkillsUSA at the national level. I N T H E N E W S SkillsUSA and NASSCO Team to Support Outstanding Skilled Trades Students Mueller Water Products Inc. (NYSE: MWA) announced Nov. 5 that it has signed a definitive agreement to acquire Krausz Industries Ltd., a manufacturer of pipe couplings, grips and clamps, for $140 million in cash. Krausz Industries provides a full suite of innovative and proprietary pipe couplings, grips and clamps under the HYMAX brand for the global water and wastewater industries. The company was founded in 1920 and is headquartered in Tel Aviv, Israel, with manufacturing operations in Israel, distribution facilities in the U.S., and 300 employees world- wide. Krausz had net sales of approximately $43 million in 2017 with approximately 75 percent of its sales generated in North America. The transaction is expected to close in December 2018. Once the transaction has closed, Krausz Industries Ltd. will become part of Mueller Water Products' Infrastructure segment. Krausz's product line of pipe couplings, grips and clamps are designed to address repair or pipe connection needs across a broad range of applications, pipe sizes and pipe materials. Krausz has a history of growth, profitability, and execution through new product development. The acquisition aligns with Mueller Water Products' strategic focus on product and geographical expansion, and is complementary from product, distribution, customer, and manufacturing perspectives. This acquisition will also position Mueller in the growing pipe repair market. "For over a century, the Mueller name has been synonymous with quality products and innovation," said Mueller Water Products president and CEO Scott Hall. "The Krausz name has a strong legacy and is known for its high- quality products in the U.S. and internationally. The addition of pipe connection and repair to our solution portfolio enables us to address an even broader scope of needs within the water infrastructure system, while expanding our global presence." "We are excited to join an organization that shares our values of engineering excellence, innovation and customer service," said Krausz Industries Ltd. CEO Danny Krausz. "We are proud of the company we've built and we believe becoming a part of Mueller will benefit our employees and customers. We look forward to the next chapter as we continue to design and build mission-critical and innovative products and technologies for the water industry." Mueller Water Products to Acquire Krausz Industries Ltd.

Articles in this issue

Archives of this issue

view archives of Trenchless Technology - NOV 2018