zurn water solutions corp on monday said it agreed to buy sink and drinkingfountains maker elkay manufacturing co for about 156 billion in stock zurn a west milwaukee wis provider of sustainable water solutions said it will issue up to 525 million shares in the deal leaving elkay shareholders with a roughly 29 stake in the combined company zurn said its shareholders will own about 71 of the combined company which will be renamed zurn elkay water solutions corp upon closing of the deal slated for the third quarter