Severn acquires Leeds Valve 7th June 2012
Engineering specialist Severn Glocon Group has taken over butterfly valve manufacturer Leeds Valve for an undisclosed sum.
The acquisition complements and adds a new dimension to Severn Glocon Group's global business in valve engineering, manufacture and supply. It will act as a platform from which the Group can strategically develop its capability and extend its product portfolio.
Leeds Valve, formerly part of Wärtsilä, is a world leader in the manufacture of large diameter, high-pressure, high-temperature butterfly valves for severe service applications. It produces control and isolation butterfly valves in exotic materials such as Hastelloy®, Titanium, Monel®, Duplex and Superduplex.
Severn Glocon Group will acquire all Leeds Valve's Intellectual Property Rights and 18 employees – including technical experts. The business will operate as part of the Group's Severn Unival division which specialises in advanced technical advisory services, as well as control valve service, repair and manufacture.
"This is a mutually beneficial acquisition," explains Colin Findlay, Managing Director of Severn Unival. "With our well-established routes to market we expect to significantly boost the order book of Leeds Valve in a short period of time. Bringing butterfly valve manufacture in-house enables us to ensure the valves we supply meet the exacting criteria that underpin our world-class positioning. Leeds Valve has a strong capability profile and a proven track record. Our businesses are a good fit, and we are very optimistic about the future."More news stories
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