NEW YORK (AP) ? Diversified industrial company Pentair said Wednesday that it's combining its operations with Tyco's flow control business in an all-stock deal worth about $4.53 billion, uniting two of the biggest players in water and fluid products systems. Pentair said the addition of Tyco's business will boost its global reach and give it greater access to developed and fast growth regions, while also allowing it to capitalize on growth trends in the energy, infrastructure and industrial sectors. Minneapolis-based Pentair's water and fluid solutions business makes products and systems for use in the movement, storage and treatment of water for residential, industrial, commercial, municipal, and agricultural uses.
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