North Andover, Mass.-based Watts Water Technologies acquired the assets of Flomatic Inc., located in Dunnellon, Fla. Flomatic designs and distributes a line of high-quality reverse osmosis components and filtration equipment, including stainless-steel and plastic housings, filter cartridges, storage tanks and control valves, as well as complete reverse osmosis systems for residential and commercial use. Its annual revenue is about $12 million.