07052020Sun
Last updateFri, 03 Jul 2020 5pm

Valve Manufacturing

Curtiss-Wright to Acquire Dyna-Flo Control Valve Services Ltd.

Curtiss-Wright Corporation has entered into an agreement to acquire the stock of Dyna-Flo Control Valve Services Ltd. for $62 million. The acquired business will operate within Curtiss-Wright's Commercial/Industrial segment and is expected to be accretive to Curtiss-Wright's 2020 adjusted diluted earnings per share, excluding first year purchase accounting costs, and produce a free cash flow conversion rate in excess of 100%. Dyna-Flo’s financials are not included in the company’s initial 2020 guidance.

Founded in 1993 and headquartered in Edmonton, Alberta, Canada, Dyna-Flo’s core product offering addresses the majority of control valve applications with designs ranging from compact low profile to heavy duty severe service. Dyna-Flo has approximately 120 employees and is expected to generate sales of approximately $25 million in fiscal 2020, principally to the general industrial market. The acquisition is expected to close in March 2020.

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