Watts acquiring Bradley Corp.
By HPAC MagazineHPAC General Management Plumbing acquisition plumbing
Bradley manufactures commercial washroom and emergency safety products serving the institutional and industrial markets.
Watts Water Technologies has agreed to acquire Bradley Corp. for $303 million in a deal expected to close in the fourth quarter of 2023.
Bradley is manufacturer of commercial washroom and emergency safety products serving commercial (primarily institutional) and industrial end markets for over 100 years. The company offering includes plumbing fixtures, washroom accessories and emergency safety products with annual net sales of approximately $200 million.
“Bradley’s complementary portfolio will enable us to provide our customers with innovative water solutions, as it adds front-of-the-wall applications to our differentiated back-of-the-wall portfolio,” said Watts’ CEO, Robert J. Pagano, in a media release.
“We believe we can leverage the combined strengths of the two companies’ sales networks and channel relationships to facilitate cross selling and accelerate growth.”
Bryan Mullett, Bradley’s Chairman/CEO, will join Watts as president of Bradley, a new platform within Watts’ Americas region.