Core Insights - Watts Water Technologies, Inc. has completed the acquisition of Saudi Cast, a manufacturer of cast iron and stainless steel drainage solutions located in Riyadh, Saudi Arabia, enhancing its presence in the Middle East [1][2] - Saudi Cast has annualized sales of approximately $20 million and will be integrated into the Asia-Pacific, Middle East, and Africa (APMEA) region [1] - The acquisition was funded with cash on hand, indicating a strong liquidity position for Watts [1] Company Overview - Watts Water Technologies, Inc. is a leading manufacturer and provider of plumbing, heating, and water quality products and solutions, focusing on innovative and sustainable water solutions [2] - The company aims to deliver reliable water solutions across global markets, with a particular emphasis on growth opportunities in underpenetrated markets like Saudi Arabia [2] Saudi Cast Overview - Saudi Cast specializes in indoor and outdoor drainage solutions, serving essential infrastructure sectors such as water, construction, and energy throughout the Middle East [3] - The company is recognized for its quality and technical excellence, making it a trusted partner in the region's growth [3]