Curtiss-Wright has agreed to acquire the stock of Dyna-Flo Control Valve Services for CAD$81 million (€54.8 million) in cash.
Dyna-Flo designs and manufactures linear and rotary control valves, isolation valves, actuators and level and pressure control systems for the chemical, petrochemical and oil and gas markets. The business will operate within Curtiss-Wright’s commercial/industrial segment.
“The acquisition of Dyna-Flo yields significant opportunities for growth by increasing the breadth of our industrial valve portfolio with complementary products recognised for their critical performance in severe service environments,” said David C. Adams, chairman and CEO of Curtiss-Wright.
“The combination of this business with Curtiss-Wright’s established global sales channel and marketing capabilities serving similar customers will ensure that we remain a leading provider of pressure relief, control and isolation valve solutions. In addition, this transaction supports our long-term financial objectives including increased sales growth, margin expansion and solid free cash flow generation.”
Founded in 1993 and headquartered in Edmonton, Alberta in Canada, Dyna-Flo’s core product offering covers the majority of control valve applications, with designs ranging from compact low profile to heavy-duty severe service.
Dyna-Flo has around 120 employees and is expected to generate sales of approximately CAD$33 million (€22.3 million) in fiscal year 2020. The acquisition is expected to close in March this year.
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