KITZ Corporation of Japan has acquired Metalúrgica Golden Arts or MGA, a ball valve manufacturer in Brazil, following the agreement on the transfer of ownership between its founder and business partners. The contract was finalized on October 16, 2015. The newly acquired company will continue to operate as MGA.
The KITZ Group continues its efforts to expand its business to international markets including recent acquisitions/expansions in China and India, in order to achieve its long term business plan – KITZ Global Vision 2020.
MGA is a locally capitalized manufacturer in Brazil. This acquisition allows KITZ to access product development, production, and MGA’s sales network in the country. As a manufacturer, MGA is similar to KITZ regarding integrated manufacturing from castings to machining, assembling, testing, and finishing.
The acquisition of MGA and the integration of compatible technologies will enable the KITZ Group to accelerate the speed of development of products targeted at Brazilian and other South American markets.
