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Watts Water Technologies Announces Blue Ridge Atlantic Acquisition

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Apr 17 2010

Watts Water Technologies, Inc. (NYSE symbol “WTS”) announced today that it completed the acquisition of Blue Ridge Atlantic Enterprises (BRAE) in a share purchase transaction.

BRAE is a leading provider of engineered rain water harvesting solutions and addresses the commercial, industrial and residential markets. BRAE’s rain water harvesting systems are an integral part of the Green movement to conserve water and can contribute up to 30% of LEED points available for Green buildings.

The acquisition of BRAE is a positive addition to the Watts Drainage platform as it expands our product offering and provides Watts with a source of expert knowledge for national and local codes. BRAE has annual revenues of approximately $2 Million.

Source: http://www.wattswater.com/

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