Circor acquisitions

Circor International Inc. has announced the acquisition of two European steam valve businesses in separate transactions, Regeltechnik Kornwestheim GmbH in Kornwestheim, Germany, and SART von Rohr SA of Bitschwiller Les Thann, France. Both companies manufacture and sell control valves, regulators, actuators and related instrumentation products primarily for steam and fluid process applications in the HVAC, industrial, food and beverage as well as pharmaceutical markets. Each business serves the European market with significant positions in their respective home countries. Circor Chairman and CEO, David A. Bloss, Sr., said: “We are excited to add these two companies to our family of thermal control products, and therefore expand our presence in the European market. These businesses are quite complementary to our existing operations and are expected to immediately contribute to our earnings per share.” These businesses will be organised under common management with Circor’s other steam related businesses consisting of Leslie Controls in Tampa, Florida and SpenceEngineering/Nicholson Steam Trap of Walden, New York.

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