Stoughton-based Nelson Global Products Inc. has acquired Water Works Manufacturing located in Cambridge, Minn.
Water Works also has two subsidiaries: Cambridge Metals and Plastics (CMP), located in Cambridge, Minn.; and Interlaken Technology Corp. (ITC), located in Chaska, Minn.
The acquisition is effective immediately.
Water Works will continue to operate under the leadership of Jim Shear, its current president and chief executive officer, and his management team.
The 250 employees at Water Works will maintain their positions with the respective companies. A new 33,000 square foot addition is currently underway at the main manufacturing facility in Cambridge.
Nelson Global Products is a portfolio company of Wind Point Partners, a private equity firm headquartered in Chicago.
Financial terms of the acquisition were not disclosed.
