Watts to Acquire Josam

Watts Water Technologies, Inc. (Watts), a leader in plumbing, heating and water quality products and solutions, has announced an agreement to acquire Josam Company (Josam), a provider and manufacturer of drainage and plumbing products for over 100 years. Headquartered in Michigan City, Indiana, Josam offers a comprehensive portfolio of high-quality customized products to a diverse customer base serving commercial, industrial, and multi-family end markets.

Chief Executive Officer Robert J. Pagano Jr. commented that the acquisition, “is consistent with our established strategy and further positions Watts for growth. The addition of Josam’s innovative, specified products to our portfolio will allow us to offer our customers expanded capabilities and solutions.” He continued, “With a commitment to providing outstanding customer service, Josam is also a strong cultural fit for Watts.”

President and CEO of Josam Company Scott Holloway Sr. stated, “Watts acquisition of Josam Company will provide tremendous opportunities for the continued growth of the Josam product lines. The resources that Watts offers are essential to taking the Josam product lines to the next level. The similarities in company culture, passion for success and their commitment to advancing the Josam legacy for years to come is a combination that is destined for long-term success.”

The transaction is subject to customary closing conditions and is expected to close in January 2024 with additional information being available in February.