Watts Water Technologies completes acquisition of rainwater harvesting company

NORTH ANDOVER, MA, April 16, 2010 -- Watts Water Technologies Inc. has completed the acquisition of Blue Ridge Atlantic Enterprises (BRAE) in a share purchase transaction...

NORTH ANDOVER, MA, April 16, 2010 -- Watts Water Technologies Inc. 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 rainwater harvesting solutions and addresses the commercial, industrial and residential markets. BRAE's rainwater 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.

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