Price Pfister Agrees to Acquisition by Emhart

Price Pfister signed a definitive agreement to be acquired by Emhart Corp. for $18.50 a share, or $215 million.

Price Pfister, a Pacoima-based maker of brass faucets and other plumbing fixtures, had announced two weeks ago that it was negotiating a merger with Emhart on those terms. Emhart, based in Farmington, Conn., has interests in industrial products, consumer goods and computer services.

The proposed takeover still requires approval by a majority of Price Pfister’s stockholders, who are expected to vote in late May.