Engineering company, Curtiss-Wright Corporation has announced completion of the previously announced acquisition of 100% of the shares of Phönix Holding GmbH for approximately €82 million ($108 million).
Phönix which has its headquarters in Germany, is a leading 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 is intended to operate within Curtiss-Wright’s Flow Control segment.
The company currently operates Phönix Valves in Volkmarsen, Germany; Strack, located in Barleben, Germany; and Daume Control Valves, located in Hanover, Germany. Phönix has 282 employees, owns sales subsidiaries with warehouses in Texas and France and also has sales engineers operating in Benelux, Turkey, Portugal, Italy and Spain.
