Watts Industries makes announcement.NORTH ANDOVER North Andover (ăn`dōvər), town (1990 pop. 22,792), Essex co., NE Mass., on the Merrimack River, in a dairy and farm area; settled c.1644, set off from Andover and inc. 1855. , Mass.--(BUSINESS WIRE)--Dec. 21, 1994--Watts Industries Inc. NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. symbol ``WATTA'' announces that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Circle Seal Controls Inc., has acquired Zevco, a $2 million division of Envirovac Inc. of Rockford, Ill. In existence for over 10 years, Zevco produces and sells high quality valves designed to control the flow of gases and liquids for the aerospace industry. This business include check, relief, solenoid solenoid (sō`lənoid'), device made of a long wire that has been wound many times into a tightly packed coil; it has the shape of a long cylinder. and motor operated valves in addition to specialty valves and devices. Circle Seal Controls Inc. of Corona, California, will integrate this acquisition into its existing valve business, enhancing its overall valve product offering. Circle Seal supplies a broad range of check, relief, solenoid, regulator, manual and motor actuated valves to the general Industrial and Aerospace markets. Watts Industries Inc., with worldwide sales exceeding $600 million, designs, manufactures and sells an extensive line of valves for the plumbing and heating, municipal water, water quality, industrial, steam, and oil and gas markets. CONTACT: Watts Industries Inc., North Andover Kenneth J. McAvoy, 508/688-1811 |
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