Watts Industries changed its name to Watts Water Technologies Inc., effective Oct. 15, 2003. The renamed company will continue to trade on the New York Stock Exchange under the symbol “WTS.”
“The Watts Water Technologies' name more accurately reflects our strategic focus on providing solutions to our customers' water-based needs,” Patrick S. O'Keefe, president/CEO, said in a statement. “We believe that water equipment suppliers have an opportunity to achieve above-average growth characteristics due to the increasing pressure that consumers are facing to assure the safe use of high-quality water.”