How Pentair remade itself into a resource-based business

10/23/2013 | McKinsey Quarterly (free registration)

Rik Kirkland speaks with Randall Hogan, chairman and CEO of Minneapolis-based Pentair, about the steps the company took as it reinvented itself. First it sold its core power-tools businesses and reinvested the proceeds in water-systems company Wicor Industries. Then it acquired Tyco International's flow-control business. "I often talk about thinking 'right to left.' Left is where you are now. The right-hand point is the goal -- in our case, not just getting out of power tools but developing a water strategy," said Hogan, a member of MAPI's board of trustees.

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