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Flowserve acquires ball valve manufacturer
Flowserve Corporation trunnion ball valve , a global leader in the fluid motion and control industry replica a lange & sohne watches , announced July 16 that it has acquired Valbart Srl air jordan , a privately owned Italian manufacturer of trunnion-mounted ball valves (TMBV) used primarily in the oil and gas industry men shirts .“We are very pleased with our acquisition of Valbart and have confidence that din check valve our customers will benefit from the addition of Valbart’s products to our portfolio 304 stainless steel plate ,” said Mark Blinn, Flowserve president and chief executive officer. “Valbart’s premium technology, key position in the upstream and midstream oil and gas markets and mbt sale demonstrated growth potential make it a compelling strategic fit for our organization.”
Valbart was acquired in a cash transaction purses wholesale valued at approximately $200 million (at current exchange rates vibram kso , or approximately €156 million), which value includes approximately $32 million (approximately €25 million) of existing Valbart net debt that was repaid at closing discount moncler jackets . Flowserve funded the transaction proceeds with cash on hand. The other terms of the acquisition have not been disclosed ralph lauren polo shirts .The Valbart acquisition is expected to have a slightly dilutive impact on Flowserve’s 2010 earnings wholesale software per share due to non-cash purchase price accounting effects from inventory revaluation moncler down jackets , partially offset by expected favorable operations impact. The acquisition is estimated to be accretive to earnings per share in 2011.
Valbart, formed in 2003 and headquartered in Mezzago adobe acrobat 9 , Italy, specializes in the design, development and manufacture of a comprehensive range of API 6A and API 6D TMBVs in split-body diesel clothing , all-welded and top-entry configurations, which are predominantly used in upstream and midstream oil and gas applications jimmy choo sale .For its fiscal year ended May 31, 2010 nike air max , Valbart reported revenues of approximately $104 million (approximately €81 million) and operating income of approximately wholesale bags from china $22 million (approximately €17 million) on an unaudited basis.“Valbart has quickly become a leader in the global TMBV market, with highly efficient operations and an outstanding management team coach handbags ,” said Tom Pajonas, president, Flowserve Flow Control Division.
“Valbart’s products fill a strategic gap in our nike shox r4 product portfolio and significantly strengthen our ability to provide a more complete valve package to oil and gas projects shoes nike basketball . We believe that we can quickly and significantly grow Valbart through our established global sales and service network men shirts .”“We are excited to become part of the Flowserve family,” said Roberto Bartolena, president leather handbags , Valbart Srl. “Flowserve provides Valbart with the global reach we need to continue to cheap jordan shoes grow the business and the resources to develop new products.”
Flowserve previously entered into a joint venture cheap international calls agreement with Valbart in December 2009 focused on combining Valbart’s ball valve technology with Flowserve’s high plastic bag performance noise and cavitation-reducing trim designs sex toys . The joint venture has since created a trunnion-mounted control ball valve biological microscope that is designed to deliver high performance jordan high heel shoes .About Flowserve Flowserve Corporation is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.
About Valbart Srl Valbart Srl cast steel , headquartered in Mezzago, Italy, specializes in designing and manufacturing API 6A and API 6D trunnion-mounted ball valves and gate valves, and has been recognized as the fastest growing firm in its sector rubber grommet . When it comes to choosing the style of a ball valve, piping engineers face a difficult decision. If the pipeline is 2” or over seamless steel pipe , and when the ANSI pressure class is 600 and above, do they accept a floating ball style or trunnion style chain saw ? Both designs have their strengths and weaknesses.