Nov. 21, 2014: Watts Water Technologies to Acquire AERCO International
AERCO Is a Manufacturer of a Range of High-Efficiency Commercial Boilers and Water Heaters
NORTH ANDOVER, Mass. — Watts Water Technologies Inc. has announced the signing of a definitive agreement to acquire AERCO International Inc., a portfolio entity of The Riverside Co., in an all-cash transaction. The acquisition of AERCO is expected to close before the end of this year subject to customary closing conditions.
AERCO is a manufacturer of a range of high-efficiency commercial boilers and water heaters. The company is based in Blauvelt, New York, and its products are distributed primarily in the United States for the commercial market.