Supports growth in Power and Process markets
BURLINGTON, Mass.– CIRCOR International, Inc., a leading provider of valves and other highly engineered products for markets including oil & gas, power generation and aerospace & defense, announced the acquisition of Schroedahl, a privately held company headquartered in Germany that develops and manufactures high-quality specialty valves for power stations and industrial plants as well as for production, transport and refining systems in the oil & gas sector. The Schroedahl business will operate as a new business unit within the CIRCOR Energy Group.
Schroedahl, a leading technology player with a talented workforce and a highly recognized brand, has approximately 130 employees, which mostly work at the Schroedahl site near Cologne, Germany. Schroedahl produces custom-engineered high-pressure auto-recirculation (ARC) and control valves for pump protection applications. ARC valves ensure the consistent minimum flow rate of pumps in order to guard against overheating, collapse or destruction. Schroedahl has the leading market position in the ARC valve market and has long-term relationships with pump OEMs.
“This acquisition represents an important strategic step toward increased growth in the markets and regions we serve,” said Scott Buckhout, CIRCOR’s President and Chief Executive Officer. “Schroedahl is a strong fit strategically with CIRCOR’s existing product portfolio, and will significantly increase our ability to provide our energy customers with the quality products and services they need.”
About CIRCOR International, Inc.
CIRCOR International, Inc. designs, manufactures and markets valves and other highly engineered products for markets including oil & gas, power generation and aerospace & defense. CIRCOR has a diversified product portfolio with recognized, market-leading brands that fulfill its customers’ unique application needs. The Company’s strategy is to grow organically and through complementary acquisitions; simplify CIRCOR’s operations; achieve world class operational excellence; and attract and retain top industry talent. For more information, visit the Company’s investor relations web site at http://investors.circor.com
About CIRCOR Energy
CIRCOR Energy is a market-leading, global provider of integrated flow control solutions specializing in the manufacture of highly engineered valves, fittings, pipeline products and services, and associated products, for critical and severe service applications in the oil and gas, power generation and process markets.
Comprised of best-in-class, historically significant product brands, CIRCOR Energy consistently satisfies its customers’ mission-critical needs by developing precision technologies that collectively improve their ability to control, manage, measure and regulate the safe and efficient use of fluids and other natural resources.
CIRCOR Energy: Continuously Improving Flow Control. Worldwide.