Gulf Oil and Gas accountACCOUNT

Flowserve Divests the Naval OY Business to Vexve OY

Source: www.gulfoilandgas.com 3/31/2014, Location: North America

Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, has sold its Naval OY business unit including its all-welded ball valve product line to Finnish valve manufacturer, Vexve OY.

The sale includes Naval's manufacturing facility located in Laitila, Finland and a service and support center located in St. Petersburg, Russia. Financial terms of the transaction were not disclosed.

"In our continuing effort to optimize our product portfolios and build long-term shareholder value, we made the decision to divest the Naval product line," said Tom Pajonas, Flowserve Chief Operating Officer. "While Naval's products and employees are of the highest quality, the niche market it serves is highly cyclical and does not provide the leverage we desire for our other product lines. This divestiture is consistent with our organic and inorganic investment strategy, and as such, serves both Flowserve and Vexve well."

Flowserve obtained Naval in 2002 as part of the acquisition of Invensys Flow Control. Products in the Naval portfolio include all-welded ball valves primarily used in district heating applications in Western Europe and Russia.

Ball valves >>

Ball valves News in United States >>

United States >>  4/12/2019 - Chevron Corporation has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko i...

Related Categories: Air Valves  Ball valves  Butterfly Valves  Check Valves  Christmas Tree/Wellhead Valves  Cone Valves  Control Valves  Diaphragm pilot control valves  Fire certified valves  Fire Hydrant  Gate Valves  General  Globe Valves  HP Butterfly Valves  IRIS Control valves  Knife Gate Valves  Metal Diaphragm Valves  Needle Valves  Pinch Tube Valves  Piston Pilot control valves  Piston Valves  Plastic Diaphragm Valves  Plastic Valves  Plug Valves  Pressure Relief Valves  Safety Valves  Sight Glass  Solenoid Valves  Steam Traps  Strainer  Valve Actuators  Valve Limit Switch  Valve Positioner 

Related Articles: Ball valves  Butterfly Valves  Check Valves  Christmas Tree/Wellhead Valves  Control Valves  Gate Valves  General  Globe Valves  Needle Valves  Pressure Relief Valves  Safety Valves  Solenoid Valves  Steam Traps  Valve Actuators  Valve Positioner 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 |

More News

Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.