Hillenbrand acquires Red Valve
Hillenbrand, a US-based manufacturing company, has completed the acquisition of Red Valve Co. for a purchase price of $131.9 million (€120.7m) in cash, including $3.3 million for related real estate.
Based in Carnegie, Pennsylvania, Red Valve is a global valve manufacturer for harsh municipal and industrial wastewater environments.
Its products support mission critical applications in water, power and mining, and other general industrial markets.
Red Valve joins Hillenbrand's Process Equipment Group, which includes Abel, a global positive displacement pumps designer.