Valve Magazine - Spring 2010

MERGERS, ACQUISITIONS & ALLIANCES

INDUSTRY CAPSULES

Tyco Acquires Brazilian Valve Manufacturers Tyco International Ltd. announced its Flow Control business has acquired two Brazilian valve companies in a move to expand its product and service offerings in Brazil and South America. In connection with the transaction, Tyco Flow Control acquired Hiter Industria e Comercio de Controle Termo-Hidraulico Ltda (Hiter), a leading privately held Brazilian valve manufacturer, and took full ownership of an existing joint venture that Tyco Flow Control had with Valvulas Crosby Industria e Comercio Ltda.

Flowserve Signs Joint Venture with Italian Valve Maker Flowserve Corp. has entered into a joint venture agreement with Valbart Srl, an Italian manufacturer of high-perform-ance valves. The agreement was signed in the fourth quarter of 2009. Manufacturing will take place at a Valbart facility operated by the joint venture and located in Mezzago, Italy.

Beck Enters Nuclear Industry Alliance with NLI Harold Beck and Sons Inc. has entered into an alliance with Nuclear Logistics Incorporated (NLI). The largest third-party supplier of safety-related equipment in the world, NLI will offer nuclear-qualified Beck drives for nuclear valve and damper control needs. A safety qualification program is underway.

PEOPLE IN THE NEWS

AUTOMATION TECHNOLOGY… has hired Brent York as vice president of operations and Paul Stephan as controller.

York will manage the operations, engineering, quality assurance and supply chain functions for ATI. He brings 22 years of global manufacturing and operations experience. Stephan has nearly 30 years of experience in accounting and ERP implementation, specifically in the valve automation industry.

GROTH CORPORATION… has appointed

Mitchell Anderson to the position of director of operations. He reports directly to the president of Groth Corporation and Continental Disc Corporation, Dave Brown. A graduate of Texas A&M University, Anderson began his career with Groth Corporation in April 2006 as a manufacturing engineer and was promoted to engineering manager less than a year later.

York
Stephan
PSB Industries Acquires Mikron
PSB Industries Inc. has just concluded its acquisition of
VMA member Mikron Valve & Manufacturing. The merger
will be implemented immediately and will not disrupt the
operation of Mikron’s manufacturing, supply or customer
support functions. PSB designs and manufactures dehydra-
tion and purification equipment.

Cameron Forms Joint Venture with Newmans Cameron has reached an agreement forming a joint venture with the owners of Newmans, whose product lines include Newco, OIC, Cooper and Quadrosphere branded valves and services. The joint venture will continue operating as Newmans.

Carter Chambers Merging with Desselle-Maggard PVI, the American subsidiary of Pon Holdings B.V., has acquired Carter Chambers, LLC, which will merge operations with Desselle-Maggard (a Valve Repair Council member) in 2010. Both companies are headquartered in Baton Rouge, LA, and will combine to form one of the largest providers of valves and industrial automation in the Southeast.

Technetics Joins Garlock Sealing Technologies EnPro Industries, parent company of Garlock Sealing Technologies, has acquired Technetics Corporation, a manufacturer of abradable seals, brush seals and acoustic products for turbines used in aerospace and power generation applications. The company is based in Deland, FL and employs about 20 people. It joins Garlock’s High Performance Seals Group.

NEW FACILITIES

Tyco Flow Control Expanding Harlingen Facility Tyco Flow Control intends to expand its facility in Harlingen, TX, a move that is expected to create more than 50 new jobs. The Harlingen facility began operations in 1984 under the name of Keystone Valve/Anderson Greenwood Co. and celebrated its 25th anniversary last year. Tyco Flow Control plans on a multi-million dollar investment to add a 33,000-square- foot expansion and additional equipment to its 80,000-square- foot facility in Harlingen. The expansion could bring the total investment in the Harlingen facility to nearly $20 million.