A small lock or https:// means you’ve safely connected to a .gov website. Share sensitive information only on official, secure websites.

We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.

The transaction is subject to customary closing conditions and is expected to close in January 2024. Additional information regarding the transaction will be discussed during the Watts fourth quarter earnings call in February 2024.

Watts CEO Robert J. Pagano Jr. commented, “Today’s 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. We expect that the company’s complementary sales networks and channel relationships will help drive growth and provide increased cross-selling opportunities. With a commitment to providing outstanding customer service, Josam is also a strong cultural fit for Watts. We look forward to welcoming the Josam team to Watts Water Technologies.”

With an air draft of 181 feet, the Gunvor Maersk container ship transits under the Chesapeake Bay Bridge in Maryland at low tide on February 21, 2021. For this transit, NOAA's air gap sensor measured the Bay Bridge clearance (the distance from the water to the underside of the bridge) at 186 feet.

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.”

Watts Water Technologies Inc. – through its subsidiaries, one of the world’s leading manufacturers and providers of plumbing, heating and water quality products and solutions – has announced that it has entered into a definitive agreement to acquire Josam Company, a leading provider and manufacturer of drainage and plumbing products for over 100 years. The company offers a comprehensive portfolio of high-quality customized products to a diverse customer base serving commercial, industrial, and multi-family end markets. Josam’s annualized sales are approximately $35 million.

Air gap observations are collected at a high frequency and updated for the public every six minutes to account for changes in water level, vehicular loads on the bridge, air temperature, and other factors. Air gap data and surrounding tides, currents, and meteorological conditions help vessel pilots safely enter and leave many seaports. This information is critical for pilots to safely navigate a ship under a bridge, especially as U.S. seaports grow and vessels continue to increase in size.