Marshall Excelsior Company (together with subsidiaries, MEC), a Harbour Group company, has acquired Specialty Valve Group, LLC (SVG), Jeff Fox, Harbour Group’s chairman and chief executive officer, announced. The terms of the transaction were not disclosed. SVG, based in Houston and founded in 2010, is the exclusive distributor of Xanik products in the United States. Xanik, based in Mexico City, is a leading manufacturer of specialty valves used in severe service applications and, since this past February, has been owned by MEC.
Mr. Fox commented, “SVG is an excellent addition to MEC as it provides us direct access to the Xanik customer base in the United States. Additionally, having a domestic warehouse will enhance our customer service and allow us to gain additional market share.”
“We are excited about the addition of SVG to the MEC platform,” said Pat Donovan of MEC. “Having Xanik and SVG under common ownership will help accelerate the company’s growth.”
Marco Nicolayevsky, SVG’s founder, commented, “We believe MEC is a great new partner for SVG and are excited about the incremental resources that are available to us as part of a larger platform.”
