Forum Energy Technologies, Inc. has acquired the assets of Cooper Valves and a 100% ownership interest in Innovative Valve Components. Based in Stafford, Texas, Cooper Valves manufactures Accuseal® metal seated ball valves engineered to meet Class VI shut off standards for use in severe service applications, as well as a full line of cast and forged gate, globe, and check valves. Innovative Valve Components, in partnership with Cooper Valves, manufacture commercialized critical service valves and components for the power generation industry.
Prady Iyyanki, Forum’s president and CEO, said that the Cooper Valves and Innovative Valve Components acquisitions fit their strategy of increasing the product offering to midstream and downstream customers. Also, Cooper complements their product offering with high specification, engineered valves. He further added that the capabilities of Forum’s Valve Solutions product offering and Cooper Valves are expected to benefit each business, as they are integrated.
