Flowserve Sells Product Line to Andronaco
Friday, February 4, 2011
Andronaco
Industries has entered into a binding agreement to acquire the Polyvalve
business, a leader in polyethylene ball valves for natural gas systems, from
Flowserve Corporation. Flowserve currently manufactures this product line at
its Sulphur Springs, TX and Unieux, France locations. This ball valve is used
in natural gas distribution systems around the world and also services the
water/wastewater and chemical markets. The product line had revenues of $13 mln
in 2008. Andronaco will continue to operate the Polyvalves business in Unieux,
France; the Texas operations will be relocated to Kentwood, MI. This is the fifth acquisition in as many
years for the company. Past acquisitions include former VMA members
Hills-McCanna and NilCor.
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