Summa Acquires Irrigation Product Lines

TORRANCE, Calif. – Summa Industries has acquired assets from the micro-irrigation division of R.M. Wade & Co., including the product brand “Pepco” and transitional rights to the product brand “Wade Rain.”

Pepco is a brand of products for commercial landscape irrigation, and Wade Rain is a brand of products used in agricultural irrigation. The acquisition is expected to add about $5 million in sales to Summa’s Irrigation Components segment. Pursuant to the agreement, Summa will supply products to Wade for use in leach-mining applications.

Summa will assume operation of the Wade injection molding and extrusion facility in Fresno, Calif., which is in the center of the California agriculture market. Consideration for the assets was approximately $2 million. Summa expects the acquisition to be accretive to earnings per share by the third quarter of the current fiscal year.