Watts Water Technologies acquires Blucher Metal A/S

Watts Water Technologies acquired Blucher Metal A/S for approximately $183 million, a transaction completed in May 2008, structured as all cash (share purchase).

Blucher Metal A/S operates in Europe, is based in Vildbjerg, Denmark. 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).

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.

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

Advisory firms were not disclosed for this transaction.

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