Watts Acquires McCraney
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.