Watts Water Technologies acquires Blue Ridge Atlantic Enterprises, Inc. (BRAE)

Watts Water Technologies acquired Blue Ridge Atlantic Enterprises, Inc. (BRAE) for Up to $5.3 million, net of cash acquired ($0.5 million paid at closing plus up to $4.8 million contingent on a performance metric), a transaction completed in April 2010, structured as Purchase of 100% of the outstanding stock with a contingent earn-out.

Blue Ridge Atlantic Enterprises, Inc. (BRAE) operates in North America, is based in Oakboro, North Carolina. Watts Water acquired 100% of the outstanding stock of Blue Ridge Atlantic Enterprises, Inc. (BRAE), located in Oakboro, North Carolina, a provider of engineered rainwater harvesting solutions serving commercial, industrial and residential markets.

BRAE expanded Watts' offering of engineered rainwater harvesting solutions across commercial, industrial and residential end markets in North America.

BRAE is a provider of engineered rain water harvesting solutions and addresses the commercial, industrial and residential markets.Watts Water Technologies, Inc., Form 10-K for the fiscal year ended December 31, 2011

Advisory firms were not disclosed for this transaction.

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