Australia's plumbing supplier Reece to buy US-based Morsco in $1.4b deal

Australia's plumbing supplier Reece to buy US-based Morsco in $1.4b deal

Chrome Axon faucets from Reece

Australian plumbing products supplier Reece Ltd said on Monday it would buy privately held Texas-based peer Morsco Inc for $1.44 billion including debt, in a push to gain access to the fast-growing markets of the southern United States.

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