Watts Water Technologies Acquires HF Scientific
Watts Water Technologies, Inc. announced that it has acquired HF Scientific, Inc. located in Fort Myers, Fla., in a stock purchase transaction.
HF Scientific, Inc. manufactures and distributes a line of instrumentation equipment, test kits and chemical reagents used for monitoring water quality in a variety of applications. HF Scientific has approximately $5 million in annual revenue.
Watts Water Technologies' Chief Executive Officer, Patrick S. O'Keefe, commented, "The acquisition of HF Scientific represents our entry into the water monitoring market. The products of HF Scientific are consistent with our theme of water quality and provide many synergistic opportunities when utilized in conjunction with our filtration and other water quality businesses. HF Scientific's products include devices to measure turbidity and for monitoring other parameters such as residual chlorine, streaming current and UV percentage transmission. Their product offering represents a comprehensive line of on-line continuous monitoring instruments, as well as instrumentation for laboratory and field use."
Watts Water Technologies, Inc. is a manufacturer of innovative products for the control of efficiency, safety and quality of water within residential, commercial and institutional applications. Its expertise in a wide variety of water technologies enables it to be a comprehensive supplier to the water industry.
Source: Watts Water Technologies, Inc.