Watts Water Technologies Agrees To Acquire Bradley Corporation For $303M, Subject To Customary Adjustments
Portfolio Pulse from Benzinga Newsdesk
Watts Water Technologies has agreed to acquire Bradley Corporation, a manufacturer of commercial washroom and emergency safety products, for $303 million. The net transaction value is approximately $268 million after adjusting for the estimated net present value of expected tax benefits of approximately $35 million. Bradley has annual net sales of approximately $200 million.
August 30, 2023 | 9:00 pm
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Watts Water Technologies is acquiring Bradley Corporation, which could potentially increase its product portfolio and revenue. The acquisition is valued at $303 million.
Acquisitions often lead to an increase in the acquiring company's stock price due to potential synergies, increased market share, and revenue growth. Given Bradley's annual net sales of approximately $200 million, this acquisition could significantly boost Watts Water Technologies' revenue.
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