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Fort Worth, TX-based MORSCO — a distributor of commercial and residential plumbing, waterworks and HVAC supplies — recent announced a slew of company news, the biggest of which is that it has been acquired.
The company announced May 7 that Australia-based plumbing, HVAC and waterworks distributor Reece Group has agreed to acquire MORSCO for an undisclosed amount. Founded in 1920, Reece Group has more than 5,300 employees throughout 600 branches in Australia and New Zealand, servicing the plumbing, bathroom, building, civil, irrigation, heating, air conditioning and refrigeration industries.
"The Reece track record of innovation is truly world class and their customer offer is second to none. We can’t think of a better home for MORSCO," said Chip Hornsby, MORSCO CEO. "Our team is very much looking forward to the opportunity to join forces with a successful, strategic, long‐term industry player and we believe there will be many opportunities for cross‐pollination of ideas and talent over the years ahead."
Headquartered in Burwood, Victoria — a suburb of Melbourne on Australia's southeast coast — Reece Group brands itself as Australia's largest plumbing and bathroom supplies business, while also operating in eight other industries.
Owned by Advent International, MORSCO has 2,500 employees and distributes more than 125,000...