STRAHMAN VALVES ACQUIRES ASSETS OF MG PROCESS VALVES
August 2, 2004
Strahman Valves, Inc. has announced the acquisition of the assets of MG Process Valves. MG Process Valves will be renamed Strahman MG and will continue to operate from its facility located in Méry, France. In making the announcement, August F. Percoco, president and CEO of Strahman Valves, Inc., stated, " The acquisition of MG Process Valves was a strategic decision that strengthens MG's sales and marketing efforts in the U.S. while significantly expanding Strahman's valve product line and international sales." Strahman MG will be a wholly owned subsidiary of Strahman Valves, Inc. Strahman Valves, Inc. will continue to market its products in the U.S. In addition to expanded geographic coverage, the acquisition provides Strahman with the capability to supply a wide range of fabricated and cast valves including soft-seated and metal-seated Ram-Type Drain Valves, Piston-Type Sampling Valves, Multi-way Diverter Valves, Spray Rinse Tank Valves, Rotating and Sliding Line Blinds, Sanitary and Biotech valves. Furthermore, the acquisition enhances Strahman's International selling capabilities for its line of Wash Down Equipment, primarily used by the food, beverage, chemical and pharmaceutical industries.