Rotork Acquires Ralph A. Hiller Company
Monday, May 24, 2010
Rotork is pleased to announce the acquisition of Ralph A.
Hiller Company Inc. (Hiller), a designer and manufacturer of nuclear actuators
and distributor of related products based in Pittsburgh, PA.
The total consideration for the acquisition of the entire
issued share capital and facility of Hiller is $7.8 million payable in cash.
Approximately $1.3 million of the consideration is deferred and payable over
the next 19 months.
Hiller’s financial year end accounts for the year ended September
30, 2009 shows turnover of $14.6 million and profit before tax of $421,000. More…