Watts Water Technologies, Inc. announced second quarter sales of $386.9 million, a decrease of 2.3%, as compared to the same period last year.

The company also announced the signing of a definitive agreement with Sioux Chief Mfg. Co. to sell certain assets related to Watts’ brass fittings, brass & tubular and vinyl tubing product lines. The selling price approximates $35.5 million and the transaction is expected to close by the end of the third quarter.

More details here.