Mueller Water Products, Inc. is a Delaware corporation that was incorporated on September 22, 2005 under the name Mueller Holding Company, Inc. It is the surviving corporation of the merger on February 2, 2006 of Mueller Water Products, LLC and Mueller Water Products Co-Issuer, Inc. with and into Mueller Holding Company, Inc. It changed its name to Mueller Water Products, Inc. on February 2, 2006. On June 1, 2006, it completed its initial public offering. The Company is a manufacturer and marketer of a broad range of water infrastructure, flow control and piping component system products for use in water distribution networks and water treatment facilities in North America. It also acts as a wholesale distributor, especially in Canada, for products it manufactures and products that are manufactured by other companies. The Company's product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction for heating, ventilation and air conditioning (HVAC), fire protection, industrial, energy and oil & gas industries. It manages its businesses and report operations through three business segments, based largely upon the products sold and the customers served; Mueller Co., U.S. Pipe and Anvil. Mueller Co. manufactures valves for water and gas systems, including iron gate, butterfly, tapping, check, plug and ball valves, as well as dry-barrel and wet-barrel fire hydrants and a full line of metering and pipe repair products such as clamps and couplings used to repair leaks in water and gas distribution systems. U.S. Pipe manufactures a broad line of ductile iron pipe, restraint joint products, fittings and other ductile iron products. U.S. Pipe products are sold primarily to waterworks distributors, contractors, municipalities, utilities and other governmental agencies. Anvil manufactures and sources products including a variety of fittings, couplings, hangers, nipples, valves and related pipe products for use in non-residential construction for HVAC, fire protection, industrial, energy and oil & gas applications. The Company's competitors are McWane, Inc., Griffin Ductile Iron Pipe Company and American Cast Iron Pipe Company. The Company's primary competitors in the United States are Ward Manufacturing L.L.C. for cast iron and malleable iron fittings, Victaulic Company and the Tyco Engineered Products and Services segment of Tyco International Ltd. It is subject to a variety of laws and regulations concerning the protection of the environment, both with respect to the operation of many of its plants and with respect to remediating environmental conditions that may exist at its own and other properties.