CIRCOR International Acquires Critical Flow Solutions – Specialty Valve Company
Strengthens Downstream Oil & Gas Product Portfolio
(October 14th 2016)
BURLINGTON, Mass.-- CIRCOR International, Inc., a leading manufacturer of valves and other highly engineered products for markets including oil & gas, power generation and aerospace & defense, announced the acquisition of Critical Flow Solutions (CFS), a privately held company headquartered in Sandy, Utah that develops and manufactures high-quality severe service valves for decoking and fluid catalytic cracking processes in Oil and Gas refineries. The CFS business will operate as a new business unit within the CIRCOR Energy Group.
Critical Flow Solutions, comprised of DeltaValve and TapcoEnpro, is a global leader in design, engineering, manufacturing, and repair of severe-service equipment for the Oil & Gas industry. DeltaValve manufactures unheading valves and related equipment for the delayed coking unit, one of the most vital processes ad severe operating environments in the industry. TapcoEnpro manufactures valves and actuation systems for the fluid catalytic cracking unit, which has severe operating conditions supporting one of the most flexible and profitable processes in a refinery.
“This acquisition is an important step toward increased growth in severe-service applications and aftermarket services with technological differentiated products,” said Scott Buckhout, CIRCOR’s President and Chief Executive Officer. “We look forward to working with the CFS team to continue providing excellent service to our customers.”
About CIRCOR International, Inc.
CIRCOR International, Inc. designs, manufactures and markets valves and other highly engineered products for markets including oil & gas, power generation and aerospace & defense. CIRCOR has a diversified product portfolio with recognized, market-leading brands that fulfill its customers’ unique application needs. The Company’s strategy is to grow organically and through complementary acquisitions; simplify CIRCOR’s operations; achieve world class operational excellence; and attract and retain top industry talent. For more information, visit the Company’s investor relations web site at http://investors.circor.com
About CIRCOR Energy
CIRCOR Energy is a market-leading, global manufacturer of integrated flow control solutions specializing in the manufacture of highly engineered valves, fittings, pipeline products and services, and associated products, for critical and severe service applications in the oil and gas, power generation and process markets.
Comprised of best-in-class, historically significant product brands, CIRCOR Energy consistently satisfies its customers’ mission-critical needs by developing precision technologies that collectively improve their ability to control, manage, measure and regulate the safe and efficient use of fluids and other natural resources.
CIRCOR Energy: Excellence In Flow Control. Worldwide.