Watts Water acquisition history

Riyadh, Saudi Arabia-based manufacturer of cast iron and stainless steel drainage solutions, offering specified drainage solutions serving the non-residential and industrial markets.

Saudi Cast is a leading manufacturer of cast iron and stainless steel drainage solutions, located in Riyadh, Saudi Arabia, offering high quality, specified drainage solutions serving the non-residential and industrial markets.Watts Water FY2025 10-K — Acquisitions note

Hutchinson, Kansas-based designer and manufacturer of a wide range of customized steam and hot water boiler systems for commercial, institutional and industrial applications. approximately $88.7 million (aggregate net purchase price).

Superior is headquartered in Hutchinson, Kansas, and is a designer and manufacturer of a wide range of customized steam and hot water boiler systems for commercial, institutional and industrial applications.Watts Water FY2025 10-K — Acquisitions note

Sparks, Nevada-based global brand providing emergency safety and hydration solutions serving industrial, institutional and non-residential end markets for more than 120 years.

Haws is headquartered in Sparks, Nevada and is a leading global brand providing emergency safety and hydration solutions serving industrial, institutional and non-residential end markets for more than 120 years.Watts Water FY2025 10-K — Acquisitions note

Provider of water quality solutions; designer and manufacturer of chemical-free technologies for treating water in residential and commercial applications.

EasyWater is a leading provider of water quality solutions, and designer and manufacturer of innovative, chemical-free technologies for treating water in residential and commercial applications.Watts Water FY2025 10-K — Acquisitions note

Oviedo, Florida-based designer and manufacturer of intelligent plumbing controls addressing the unique challenges of water management in correctional facilities. approximately $70.7 million (final net purchase price).

I-CON is headquartered in Oviedo, Florida, and is a designer and manufacturer of intelligent plumbing controls, addressing the unique challenges of water management in correctional facilities.Watts Water FY2025 10-K — Acquisitions note

Manufacturer of commercial drainage products; converted into Josam Industries, LLC and acquired in a share purchase transaction effective January 1, 2024. Approximately $99.0 million (final net purchase price, net of cash acquired of $4.6 million).

Manufacturer of plumbing fixtures, washroom accessories and emergency safety products serving commercial (primarily institutional) and industrial end markets; annual net sales of approximately $200 million. $303 million (announced; approximately $301.2 million net purchase price at close, net of cash acquired of $9.2 million; net transaction value approximately $268 million after expected tax benefits).

Today's strategic acquisition delivers on our mission to improve comfort, safety and quality of life for people around the world. Bradley's complementary portfolio will enable us to provide our customers with innovative water solutions, as it adds front-of-the-wall applications to our differentiated back-of-the-wall portfolio. We believe we can leverage the combined strengths of the two companies' sales networks and channel relationships to facilitate cross selling and accelerate growth.Robert J. Pagano Jr. — Chief Executive Officer, Watts Water Technologies

Sydney, Australia-based supplier of specialty plumbing and safety equipment used in the Australian institutional and commercial end markets; Watts acquired the primary business assets.

Enware is based near Sydney, Australia, and has been a leading supplier for specialty plumbing and safety equipment used in the Australian institutional and commercial end markets.Watts Water FY2023 10-K — Acquisitions note

Provider of leak detection solutions; acquired in an all-cash merger transaction and deemed not to be a material acquisition.

Provider of wireless water-leak detection technology; Watts acquired 100% of the shares during the fourth quarter of 2020, aligning with its smart and connected strategy.

Australian supplier of valves and water control products; Watts acquired 100% of the shares in an all-cash transaction during the third quarter of 2020.

Manufacturer of commercial water heaters; Watts acquired 100% of the shares, extending its commercial hot-water platform.

Watts Water acquired an additional 50% of the outstanding shares of AERCO Korea Co., Ltd. (later renamed Watts Korea), a Korean entity previously operated as a joint venture in which Watts held a 40% interest, moving the Company to majority ownership. Approximately $4 million (for an additional 50% of the outstanding shares, taking the Company to majority control; a further 10% was acquired December 30, 2016 for $0.8 million).

On February 26, 2016, the Company acquired an additional 50% of the outstanding shares of AERCO Korea Co., Ltd. for an aggregate purchase price of approximately $4 million. Prior to February 26, 2016, the Company held a 40% interest in AERCO Korea, which operated as a joint venture.Watts Water Technologies — Inc., Form 10-K for the fiscal year ended December 31, 2016

New Zealand company supplying valves and water-control products; Watts acquired 80% of the outstanding shares with a commitment to purchase the remaining 20% within three years of closing.

Blauvelt, New York-based manufacturer of a wide range of high-efficiency commercial boilers and water heaters, distributed primarily in the United States for commercial markets; a portfolio entity of The Riverside Company. Trailing twelve months sales approximated $100 million. $264.5 million in cash (on a debt/cash free basis, subject to working capital adjustment).

Acquiring AERCO will allow us to expand our product breadth to the strategically important adjacency of heat and hot water offerings. AERCO is a recognized leader in the fast growing market for high efficiency boilers and hot water heaters, with solid operating margins and attractive opportunities to continue its strong growth. AERCO's products complement our existing portfolio, strengthening our ability to provide a total solution for our customers. With our existing international footprint, we also anticipate expanding AERCO's worldwide presence.Robert J. Pagano Jr. — Chief Executive Officer, Watts Water Technologies

tekmar is a North American designer and maker of hydronic heating and control systems, a field the brand has helped pioneer for more than four decades. Its lineup spans boiler and mixing controls, setpoint controls for pool and domestic hot water, zoning controls, thermostats, snow-melting controls, and the related sensors and accessories. tekmar now operates as one of the Watts family of brands, extending Watts' reach in HVAC and hot-water control solutions. CAD $18.0 million initial purchase price (approximately $17.8 million at the January 31, 2012 exchange rate); total purchase price not to exceed CAD $26.2 million.

France-based manufacturer of a wide range of water protection valves and flow control solutions for the plumbing market and for HVAC; products distributed worldwide for municipal, industrial, commercial and residential use; includes the related water controls business of certain other entities controlled by Danfoss A/S. 2010 annual revenue (including water controls business in China) approximately $135 million. approximately $165 million in cash.

Socla significantly strengthens our European plumbing and flow control platform and also adds to our HVAC platform. Socla's major product lines include backflow preventers, check valves and pressure reducing valves, which are very similar to our core product lines in North America. This transaction positions Watts as a strong competitor in Europe in three key areas: (i) residential and commercial flow control; (ii) HVAC and gas; and (iii) drains.David Coghlan — Chief Executive Officer, Watts Water Technologies

Watts Water acquired 100% of the outstanding stock of Austroflex Rohr-Isoliersysteme GmbH, an Austrian-based manufacturer of pre-insulated flexible pipe systems for district heating, solar applications and under-floor radiant heating systems. Approximately $33.7 million.

Austroflex is an Austrian-based manufacturer of pre-insulated flexible pipe systems for district heating, solar applications and under-floor radiant heating systems.Watts Water Technologies — Inc., Form 10-K for the fiscal year ended December 31, 2011

Watts Water acquired 100% of the outstanding stock of Blue Ridge Atlantic Enterprises, Inc. (BRAE), located in Oakboro, North Carolina, a provider of engineered rainwater harvesting solutions serving commercial, industrial and residential markets. Up to $5.3 million, net of cash acquired ($0.5 million paid at closing plus up to $4.8 million contingent on a performance metric).

BRAE is a provider of engineered rain water harvesting solutions and addresses the commercial, industrial and residential markets.Watts Water Technologies — Inc., Form 10-K for the fiscal year ended December 31, 2011

Vildbjerg, Denmark-based leading provider of stainless steel drainage systems in Europe and worldwide leader in stainless steel drainage products to the marine industry; main products include push-fit stainless steel pipes and related fittings, drains for residential, commercial, marine, and heavy-duty industrial applications (including brewery and pharmaceutical). approximately $183 million.

Blucher Metal A/S is a leading provider of stainless steel drainage systems in Europe and a worldwide leader in providing stainless steel drainage products to the marine industry. We are extremely pleased with the acquisition of Blucher. Blucher is a well-managed company with a strong brand name. Blucher provides us a new product platform in Europe while allowing us to offer a broader product line to our existing professional customer base.Patrick S. O'Keefe — Chief Executive Officer, Watts Water Technologies

Watts acquired the assets and business of Topway Global Inc. of Brea, California, which manufactures a wide variety of water softeners, point-of-entry filter units and point-of-use drinking-water systems for residential, commercial and industrial applications.

Watts acquired 100% of the outstanding stock of Black Teknigas, Limited (Teknigas) of St. Neots, United Kingdom, which designs, develops and manufactures a range of gas control products and systems for combustion, industrial, medical, laboratory and specialty gas applications.

Watts acquired 100% of the outstanding stock of Kim Olofsson Safe Corporation AB (KimSafe) of Almhult, Sweden, which manufactures electronic controls for heat pump, solar and pellet heaters that enable heating water using renewable energy.

Watts acquired the assets and business of Calflex Manufacturing, Inc. of Vernon, California together with the stock of Ningbo Best Metal & Plastic Manufacturing Company, Ltd. of Ningbo, China. The combined operations distribute and manufacture water connectors.

Watts acquired 100% of the outstanding stock of ATS Expansion Group (ATS), based in Sorgues, Grenoble and Houtvillers, France. ATS products include a broad range of fittings, valves and manifolds for water, gas and heating applications, as well as stainless steel flexible hoses.

Watts acquired the assets and business of Changsha Valve Works (Changsha) of Changsha, China, a leading manufacturer of large-diameter hydraulic-actuated butterfly valves for thermo-power and hydro-power plants, water distribution projects and water works projects in China.

Watts acquired 100% of the stock of Dormont Manufacturing Company, an Export, Pennsylvania maker of flexible stainless steel gas connectors for natural and liquid propane gas. Dormont works with appliance OEMs to supply internal component assemblies and private-label gas connectors sold with appliances at leading retail chains, and also sells residential gas connectors through trade channels and home-improvement retailers.

Watts acquired 100% of the stock of Core Industries Inc. from SPX Corporation. Core comprised the FEBCO, Mueller Steam Specialty and Polyjet Valves product lines. FEBCO makes backflow-prevention valves with a strong position in residential and commercial landscape irrigation; Mueller Steam Specialty supplies large-diameter commercial strainers and check valves; and Polyjet Valves offers customized sleeve valves for severe-service flow and pressure control.

Watts acquired Flexflow Tubing LLP of Langley, British Columbia, Canada, a manufacturer of PEX tubing for potable and non-potable applications, broadening its plumbing tubing offering.

Watts acquired the water connector business of the Donald E. Savard Company in an asset purchase, adding water connector products to its plumbing portfolio.

Watts acquired 100% of the outstanding stock of Microflex N.V. of Rotselaar, Belgium, which produces and distributes flexible, pre-insulated, waterproof PEX pipes for hot- and cold-water transport, along with accessory products such as couplings, caps and insulation kits for the HVAC and water-protection markets.

Watts acquired the water softener business of Alamo Water Refiners, Inc. of San Antonio, Texas, in an asset purchase, reinforcing its water-quality and water-filtration portfolio.

Watts acquired 100% of the outstanding stock of Electro Controls Ltd. of Hounslow, United Kingdom, which designs and assembles a range of electrical controls for the HVAC market, with sales primarily in the United Kingdom.

Watts acquired 100% of the outstanding stock of HF Scientific, Inc. of Fort Myers, Florida, which manufactures and distributes a line of instrumentation equipment, test kits and chemical reagents used for monitoring water quality across a variety of applications.

Watts acquired substantially all of the assets of Sea Tech, Inc. of Wilmington, North Carolina, which provides fluidic connection solutions including standard and custom quick-connect fittings, valves and manifolds and PEX tubing designed to meet specific customer requirements.

Watts acquired 100% of the outstanding stock of McCoy Enterprises, Inc., subsequently renamed Orion Enterprises, Inc., of Kansas City, Kansas. Orion sells under the Orion, Flo Safe and Laboratory Enterprises brands, with product lines that include a complete range of acid-resistant waste disposal products, double-containment piping systems and high-purity pipes, fittings and faucets.

Watts acquired substantially all of the assets of Flowmatic Systems, Inc. of Dunnellon, Florida, which designs and distributes a complete line of reverse-osmosis components and filtration equipment, including stainless steel and plastic housings, filter cartridges, storage tanks, control valves and complete reverse-osmosis systems for residential and commercial applications.

Watts acquired Giuliani Anello S.r.l. of Cento (Bologna), Italy, which manufactures and distributes valves and filters used in heating applications, including strainer filters, solenoid valves, flow-stop valves, stainless steel water filter elements and steam-cleaning filters.

Watts acquired Martin Orgee UK Ltd. of Kidderminster, West Midlands, United Kingdom, which distributes a line of plumbing and heating products to the wholesale, commercial and OEM markets in the United Kingdom and Southern Ireland and assembles pumping systems for under-floor radiant-heat applications.

Watts acquired F&R Foerster and Rothmann GmbH of Neuenburg am Rhein, Germany, which manufactures and distributes a line of gauges predominantly to the French and German OEM markets.

Watts acquired ADEV Electronic SA of Rosieres, France and its closely affiliated distributor E.K. Eminent A.B. of Gothenburg, Sweden. ADEV manufactures and distributes electronic systems predominantly to the OEM market, including thermostats and controls for HVAC, control systems for hydronic and electric floor-warming systems, and controls for other residential applications; Eminent distributes electronic controls, mechanical thermostats and related products across the European Nordic countries. ADEV also operates a low-cost manufacturing facility in Tunisia.

Watts acquired Hunter Innovations, Inc. of Sacramento, California, founded in 1995, which developed a line of large backflow-prevention devices offering lighter weight, more compact design, better flow characteristics, improved serviceability and multiple end-connection and shutoff-valve options.

Watts acquired the assets of the Powers Process Controls Division of Mark Controls Corporation, a subsidiary of Crane Co., located in Skokie, Illinois and Mississauga, Ontario, Canada. Powers designs and manufactures thermostatic mixing valves for personal-safety and process-control applications in commercial and institutional facilities, and also makes control valves and commercial plumbing brass products including shower valves and lavatory faucets.

Watts acquired Premier Manufactured Systems, Inc. of Phoenix, Arizona, which manufactures water-filtration systems for residential and commercial applications and other filtration products, including under-the-counter ultraviolet filtration and a variety of sediment and carbon filters.

Watts acquired Fimet S.r.l. (Fabbrica Italiana Manometri e Termometri) of Milan, Italy and its wholly owned subsidiary MTB AD, located in Bulgaria. The acquired business manufactures pressure and temperature gauges for use in the HVAC market.

Watts acquired Dumser Metallbau GmbH & Co. KG of Landau, Germany, whose main products include brass, steel and stainless steel manifolds used as a prime distribution device in hydronic heating systems. Dumser also held a 51% controlling share of Stern Rubinetti, an Italian manufacturer of brass components based in Brescia, Italy.