Profile: Watts Water Technologies Inc (WTS)

WTS on New York Consolidated

61.02USD
23 Jul 2014
Price Change (% chg)

$-1.16 (-1.87%)
Prev Close
$62.18
Open
$62.14
Day's High
$62.14
Day's Low
$60.84
Volume
148,090
Avg. Vol
204,619
52-wk High
$62.66
52-wk Low
$49.88

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Watts Water Technologies, Inc. (Watts), incorporated on September 2, 2003, is a supplier of products for use in the water quality, water safety, water flow control and water conservation markets in both North America and Europe with a presence in Asia. The Company operates in three geographic segments: North America, Europe and Asia. The Company has manufacturing facilities, such as Mexico, China, Bulgaria and Tunisia. Its products are sold to wholesale distributors and dealers, do-it-yourself (DIY) chains and original equipment manufacturers (OEMs). During the year ended December 31, 2012, it began classifying its many products into four universal product lines. These product lines are residential and commercial flow control products, heating, ventilation and air conditioning (HVAC) and gas products, drains and water re-use products and water quality products. On January 31, 2012, it completed the acquisition of tekmar Control Systems (tekmar). In December 2012, the Company sold its subsidiary Flomatic Corporation, to Boshart Industries Inc.

Residential and commercial flow control products includes products typically sold into plumbing and hot water applications such as backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves. HVAC and gas products, includes hydronic and electric heating systems for under-floor radiant applications, hydronic pump groups for boiler manufacturers and alternative energy control packages, and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications. Drains and water re-use products includes drainage products and engineered rain water harvesting solutions for commercial, industrial, marine and residential applications. Water quality products include point-of-use and point-of-entry water filtration, conditioning and scale prevention systems for both commercial and residential applications.

As of December 31, 2012, the Company maintained approximately 32 principal manufacturing, warehouse and distribution centers worldwide. Socla is a manufacturer of water protection valves and flow control solutions for the water market and the heating, ventilation and air conditioning market. Its major product lines include backflow preventers, check valves and pressure reducing valves. Socla is based in France, and its products are distributed worldwide for commercial, residential, municipal and industrial use. tekmar is a designer and manufacturer of control systems used in heating, ventilation, and air conditioning applications.

Company Address

Watts Water Technologies Inc

815 CHESTNUT ST
NORTH ANDOVER   MA   1845
P: +1978.6881811
F: +1978.7941848

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