11152018Thu
Last updateThu, 15 Nov 2018 4pm

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Mueller Water Products to Acquire Krausz Industries

Mueller Water Products, Inc. has signed a definitive agreement to acquire Krausz Industries, Ltd. for $140 million in cash. Krausz Industries provides pipe couplings, grips and clamps under the HYMAX brand for the global water and wastewater industries. Krausz had net sales of approximately $43 million in 2017 with approximately 75% of its sales generated in North America.

The transaction is subject to customary closing conditions and is expected to close in December 2018. Once the transaction has closed, Krausz Industries, Ltd. will become part of Mueller Water Products’ Infrastructure segment. 


RF Valves Joins VMA

This week the Valve Manufacturers Association of America (VMA) welcomed RF Valves, Inc. as its newest full member, effective immediately. This is the 7th new VMA member of 2018.

Founded in 1993 in Maryland and Finland, RF Valves caters to operations both big and small, from massive industrial mines to modest mom-and-pop mills. 

Metso Increasing Valve Production Capacity in China

To respond to the growing global demand in the valve market, Metso has decided to invest in a new green-field valve technology center in Jiaxing, China. The new-build plant will strengthen Metso's valve and related products production capabilities and increase capacity for customers across various process industries, both in China and globally. Metso expects to invest a total of approx. $11.38 million by 2020.

The new technology center will start operations in spring 2020. The new location is designed to be a workplace for a total of 400 valve technology professionals. In addition to the new technology center, Metso has a valve technology center in the Waigaoqiao Free Trade Zone in Shanghai, which was inaugurated in 2010. Metso employs more than 1100 people at seven locations in China. 

Weir Moves to Sell Flow Control Business

In a transaction that could value the company at more than $389 million, sources say that “Weir has launched the sale of its flow control business,” Reuters  reports.

“Glasgow-based Weir said it would offload the division in April, when it announced its $1.3 billion acquisition of U.S. mining tools business Esco Corporation.” 

Eric B. Luftig, Victaulic to Receive Spirit of Volunteerism Award

The Valley Youth House (VYH) announced that Eric B. Luftig, Victaulic’s vice president head of marketing, and Victaulic will receive a 2018 Spirit of Volunteerism Award from the Volunteer Center of the Lehigh Valley. The Volunteer Center's Annual Spirit of Volunteerism Awards honor local businesses, individuals or teams who have demonstrated excellence in community service and workplace volunteerism.

Eric B. Luftig serves on the VYH Board of Directors, as chair of the marketing committee and as a member of the development committee. Victaulic team members have organized several drives around the holidays to benefit VYH Programs to brighten the holidays for young people served by the agency. Additionally, Victaulic refurbishes and donates Victaulic laptops to clients of VYH. 

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