A.O. Smith reaches solar water heater marketing agreement with Israeli company

Manufacturer A.O. Smith signs solar water deal

MILWAUKEE — Manufacturer A.O. Smith Corp. said Tuesday that it has signed an agreement to market solar water heating equipment made by an Israeli company.

A manufacturer of water heaters and electric motors, A.O. Smith has exclusive marketing and distribution rights in the United States and Canada for solar collectors made by Chromagen.

Chromagen makes solar products for household use at two factories in Israel.

The companies will also work on the development of new solar products.

Shares of A.O. Smith rose 65 cents to $56.38 in late trading.