Curtiss-Wright to Acquire Germany’s Phönix Group
Wednesday, January 23, 2013
Curtiss-Wright Corporation has entered into an agreement to
acquire the Phönix Group through the acquisition of 100% of the shares of
Phönix Holding GmbH for approximately $106 million in cash. Phönix, headquartered
in Germany, is a designer and manufacturer of high performance, severe-service
valves, valve systems and related support services to the global chemical,
petrochemical and power (both conventional and nuclear) markets. The business
will become part of Curtiss-Wright’s Flow Control segment. More...
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