Divestiture • Manufacturing

Boshart Industries Acquires Flomatic

On December 21, 2012, Boshart Industries acquired manufacturer Flomatic from Watts

Acquisition Context
  • This is Boshart Industries’ 1st transaction in the Manufacturing sector.
  • This is Boshart Industries’ 1st transaction in the United States.
  • This is Boshart Industries’ 1st transaction in New York.

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M&A Deal Summary

Date December 21, 2012
Target Flomatic
Sector Manufacturing
Buyer(s) Boshart Industries
Sellers(s) Watts
Deal Type Divestiture

Target Company

Flomatic

Glen Falls, New York, United States
Flomatic Corporation specializes in manufacturing and selling check valves, foot valves and automatic hydraulic control valves for the well water industry.
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Buyer Overview 1

Buyer

Boshart Industries

Milverton, Ontario, Canada

Category Company
Founded 1955
Sector Manufacturing
DESCRIPTION

Boshart Industries is a manufacturer and master distributor serving the North American plumbing, water well, sump and sewage, irrigation, industrial, and pool and spa wholesale markets. Boshart has locations in Milverton, Ontario, Canada and Sacramento, California.


Deal Context for Buyer #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2012 1 of 1

Seller Profile 1

SELLER

Watts

North Andover, Massachusetts, United States

Category Company
Founded 1874
Sector Manufacturing
Employees4,800
Revenue 2.3B USD (2024)
DESCRIPTION
Entrance to Watts Water Technologies' corporate headquarters in North Andover, Massachusetts.
Entrance to Watts Water Technologies' corporate headquarters in North Andover, Massachusetts.

Watts is a manufacturer of products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Watts was founded in 1874 and is based in North Andover, Massachusetts.


Deal Context for Seller #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2012 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 Tekmar Control Systems

Vernon, British Columbia, Canada

Tekmar Control Systems Ltd. is a designer and manufacturer of energy saving control solutions for a heating, ventilating, and air-conditioning applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 AERCO International

Blauvelt, New York, United States

AERCO International, Inc. (AERCO) is a provider of boilers and water heating products, and the originator of semi-instantaneous water heating.

Buy $265M