Watts Industries, Inc. has announced that it has acquired McCraney, Inc.
Watts Industries, Inc. (North Andover, MA) announced that it has acquired McCraney, Inc. of Santa Ana, CA. McCraney, doing business as Spacemaker, manufactures a complete line of seismic-resistant straps for water heaters, as well as water heater stands and enclosures. Its current annual sales are approximately $5 million. Watts Industries, with worldwide sales exceeding $520 million, designs, manufactures and sells a line of water heater products.