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Saturday, April 17, 2010

Water Stocks; Watts Water Technologies, Inc.(NYSE :WTS) Completes Acquisition of Blue Ridge Atlantic Enterprises

Water Stocks; Watts Water Technologies, Inc.(NYSE :WTS) Completes Acquisition of Blue Ridge Atlantic Enterprises


NORTH ANDOVER, Mass.--(http://www.investorideas.com/ water stocks newswire )-Watts Water Technologies, Inc. (NYSE :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.

Watts Water Technologies, Inc. is a world leader in the manufacture of innovative products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Its expertise in a wide variety of water technologies enables it to be a comprehensive supplier to the water industry.


Contacts

Watts Water Technologies, Inc.

William C. McCartney, 978-688-1811
Fax: 978-688-2976
 
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