WTS - Mergers and acquisitions

Watts Water Technologies, Inc. (NYSE:WTS) ("Watts") – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced that it has completed the acquisition of the Industrial Company for Castings and Sanitary Fittings ("Saudi Cast"), a manufacturer of cast iron and stainless steel drainage solutions located in Riyadh, Saudi Arabia. Saudi Cast offers high quality, specified drainage solutions serving the non-residential and industrial markets. Saudi Cast has annualized sales of approximately $20 million and will be included in the Asia-Pacific, Middle East and Africa (APMEA) region. The acquisitio

Watts Water Technologies, Inc., (NYSE:WTS) ("Watts") – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced that it has completed the acquisition of Superior Boiler ("Superior"), an industry leading designer and manufacturer of customized steam and hot water boilers and related ancillary equipment used in commercial, institutional and industrial applications. Superior offers a comprehensive portfolio that includes firetube, watertube and condensing boilers and has annualized sales of approximately $60 million. The acquisition was funded with cash on hand. Chief Executive Officer Rob

Watts Water Technologies, Inc., (NYSE:WTS) ("Watts") – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced that it has acquired I-CON Systems Inc. ("I-CON"), a leading provider of plumbing control solutions primarily for the corrections market. I-CON's annualized sales are approximately $25 million. The acquisition was funded with cash on hand. Chief Executive Officer Robert J. Pagano Jr. commented, "We are excited to welcome the I-CON team to Watts. This acquisition is consistent with our established strategy and further positions Watts for growth. The addition of I-CON's innovati