AO Smith Corp. is seeking acquisitions. Paul W. Jones, Executive Chairman of AO Smith, said, "Our pipeline of possible acquisition candidates remains active.

We continue to pursue water heating and water related investments all over the world, but we will remain selective and only make acquisitions that we believe will increase shareholder value. With more than $400 million in cash and a meaningful amount of incremental borrowing capacity, we are confident we have the resources available to take advantage of global opportunities that add long-term value."