AVK has recently acquired the Currumbin manufacturing assets from Viadux. AVK sees this facility as an important strategic asset and will continue operating this facility as an important part of its supply chain. The facility manufactures valves, fittings, flange pipe and street-ware. All the approx. 100 employees will be offered transfer of employment to AVK.
AVK also acquired the shares of Wang Holdco Pty Ltd, and its subsidiary Wang Components Pty Ltd (including the business of Complete Tapping Services (CTS)). Wang and CTS are highly regarded as successful businesses and will complement the AVK product offering. Wang manufacture a complete range of clamps and couplings and CTS is a service company offering under pressure tapping. AVK has also entered a long-term supply agreement to provide Viadux with valves, fittings, clamps and couplings.
Both the Wang and Currumbin facilities have highly capable people and AVK looks forward to welcoming them to their team. As a dedicated supplier of innovative high quality valves and fittings solutions these acquisitions will consolidate the AVK Australia Group’s position as the one of leading valve and fittings manufacturer in Australia.
