CIRCOR International, a provider of valves and other highly engineered products for markets including oil & gas, power generation and aerospace & defence, announced the acquisition of Germany-based Schroedahl. Schroedahl is a privately owned manufacturer of safety and control valves primarily for the power generation market. In 2014, it recorded revenue of approximately USD 30M with EBITDA margins over 35%.
“We are excited to welcome the Schroedahl team to CIRCOR”, said Scott Buckhout, president and CEO of CIRCOR International. “This acquisition positions us in the high-growth power generation market, particularly in Asia and the Middle East, and is consistent with our disciplined capital deployment strategy.” “We are delighted to be combining forces with CIRCOR and to expand Schroedahl’s access to customers and geographies beyond our current reach”, said Marc Schroeder, managing director of Schroedahl. “This combination will enhance our product offering and further strengthen our competitive position.”
Founded in 1962 with customers in Asia, Europe and the Americas, 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.