Watts Water begins consultation to close foundry in France; material charges expected if approved

WATTS WATER TECHNOLOGIES INC

On Oct 1, 2024, Watts Water initiated works council consultations for closing the foundry at its Hautvillers-Ouville, France facility.
Other production at the site will be relocated primarily to other Watts facilities in France and Europe.
Consultation process expected to last ~3 months; Board will then decide whether to approve the restructuring plan.
If approved, charges related to the plan are anticipated to be material, though no amount has been specified.
The closure targets foundry operations; no timeline for completion given beyond Board decision.

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