Morningstar | The Addition of John Guest Should Bolster Reliance's Foray into Europe
Reliance is the market leader in the growing push-to-connect, or PTC, plumbing fixtures category in the attractive U.S. housing renovation market. Since 2004, Reliance has enjoyed the benefits of first-mover advantage with its SharkBite PTC fittings, upending a traditionally staid industry by focusing on versatility and faster installation times compared with traditional copper "sweating," or joining. While focusing on manufacturing efficiencies and increased automation, Reliance has secured distribution through the largest hardware retail chains; Home Depot and Lowe’s. PTC penetration remains low and continued focus on new product innovation creates avenues for future growth.Reliance Worldwide Corporation is a limited liability company. Co. is principally engaged in the design, manufacture and supply of high quality, reliable and premium branded water flow and control products and solutions for the plumbing industry. Co. manufacturers brass Push-to Connect (PTC) plumbing fittings, sold under the SharkBite brand. Co. operates through the following four product segments: Fittings and Pipe, Control Valves, Thermostatic Products and Other Products. Co. has 12 manufacturing facilities across Australia, New Zealand, the United States of America and Spain.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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