Curtiss-Wright acquires Dyna-Flo
By: ICN Bureau
Last updated : February 28, 2020 11:33 am
Dyna-Flo is a leading designer and manufacturer of linear and rotary control valves, isolation valves, actuators, and level and pressure control systems for the chemical, petrochemical, and oil and gas markets
Curtiss-Wright Corporation has announced that it has entered into an agreement to acquire the stock of Dyna-Flo Control Valve Services Ltd. for US$62 million in cash. Dyna-Flo is a leading designer and manufacturer of linear and rotary control valves, isolation valves, actuators, and level and pressure control systems for the chemical, petrochemical, and oil and gas markets.
“The acquisition of Dyna-Flo yields significant opportunities for growth by increasing the breadth of our industrial valve portfolio with complementary products recognized for their critical performance in severe service environments,” said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation.
“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.” stated Adams.
The acquisition is expected to close in March 2020.