Watts Acquires Several Companies
Next, Watts acquired FEBCO, a company present in the landscape irrigation industry; Mueller Steam Specialty, a full-line supplier of pipeline strainers and check valves; and POLYJET, which offers a customized sleeve valve. These three businesses have combined annual revenues of approximately $57 million.
For the three-month period that ended Oct. 2, Watts reported sales of $232.7 million, up from $210.2 million during the same period in 2004. Watts' third quarter profit was relatively stable at $13.4 million, compared with $13.7 million during the third quarter of 2004.