Watts Water Technologies to acquire Josam Company.

Watts Water Technologies, a manufacturer and provider of plumbing, heating and water quality products and solutions, agreed to acquire Josam Company, a provider and manufacturer of drainage and plumbing products. Financial terms were not disclosed. “Watts acquisition of Josam Company will provide tremendous opportunities for the continued growth of the Josam product lines. The resources that Watts offers are essential to taking the Josam product lines to the next level. The similarities in company culture, passion for success and their commitment to advancing the Josam legacy for years to come is a combination that is destined for long-term success,” Scott Holloway Sr., Josam Company President and CEO.