A.O. Smith (AOS) is to acquire privately held rival Lochinvar for $418M, the company's first...

|About: A. O. Smith Corporation (AOS)|By:, SA News Editor

A.O. Smith (AOS) is to acquire privately held rival Lochinvar for $418M, the company's first acquisition since it agreed to sell its motor business last December to focus on water-heating products. Earlier, A.O. Smith narrowed its 2011 outlook after posting higher Q2 numbers. AOS +6.5%.