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Dividend Aristocrats in Focus Part 32: Pentair

- By Ben Reynolds

Pentair (NYSE:PNR) is based in the U.K., but has large operations in Europe and the U.S., as well as other international regions. It has a long history; some of Pentair's acquired businesses have been in business for over 150 years. Pentair itself was formed in 1966, under the direction of the company's "founding five" members.

In 1968, Pentair acquired Peavey Paper Mills. It quickly grabbed a leadership position in the paper products industry. Paper fueled the company's growth over the next decade, until management decided to diversify into other product categories.