Transaction: Divestments
Date: May 2008
Deal value: EUR 117 million
Process: Private auction
Industry: Manufacturing

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Blücher Metal A/S is a leading provider of stainless steel drainage systems in Europe and a worldwide leader in providing stainless steel drainage products to the marine industry. Blücher's main products include push-fit stainless steel pipes and related fittings, light-duty drains for residential, commercial and marine applications, and drains for heavy-duty industrial applications including brewery and pharmaceutical applications. Blücher’s annual revenue for 2007 was approximately DKK 422 million.

The acquirer; Watts Water Technologies, Inc. is a world leader in the manufacture of innovative products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Its expertise in a wide variety of water technologies enables it to be a comprehensive supplier to the water industry.

Blücher provides Watts Water Technologies with a new product platform in Europe while allowing the Group to offer a broader product line to their existing professional customer base.