CIRCOR acquires Pipeline Engineering & Supply Co.

CIRCOR International Inc., a provider of valves and other highly engineered products and subsystems that control the flow of fluids in the aerospace, energy and industrial markets, has acquired Pipeline Engineering & Supply Co. Ltd (Pipeline Engineering), a privately held pipeline products and solutions company based in the UK. Pipeline Engineering generated approximately USD 30 million in revenues during its most recent fiscal year. Excluding acquisition-related costs, the transaction is expected to be immediately accretive to earnings. Pipeline Engineering is a turn-key manufacturer of a full range of products and services to assist pipeline cleaning, pipeline integrity and flow assurance in the oil and gas industry. In addition, Pipeline Engineering has a specialized team of onshore and offshore certified engineers and technicians that oversee related engineered service projects on behalf of their clients. Pipeline Engineering will be integrated into CIRCOR’s Energy Products Group. CIRCOR’s Energy Products Group designs, manufactures and distributes ball, check, control and safety relief valves as well as pipeline measurement and control systems for use in oil and gas applications. The Energy Group’s flagship brands include: KF, Pibiviesse, Contromatics, Mallard Control, Hydroseal and Sagebrush Pipeline Equipment.
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