Watts Industries announced in late December it plans to separate its industrial, oil and gas business from its plumbing, heating and water quality business, which designs, manufacturers and sells valves.
Watts Industries Inc. (nyse: wts) announced in late December it plans to separate its industrial, oil and gas business from its plumbing, heating and water quality business, which designs, manufacturers and sells valves.
The split, according to a company spokesperson, will take place before September 1999, pending government approval. The new company does not yet have a name.