Bonney Forge Valve licensee BFE, headquartered in Italy, and its partner and licensor Bonney Forge Corp. in Mount Union, PA, have announced the acquisition of Alco di Castronno - Varese, Italy.
BFE will integrate the Alco assets with the existing BFE forged steel valve producing operations. Accordingly, the marks and name of ALCO have been acquired by Bonney Forge Corp. Moreover, the production of private labeled valves at the former Alco plant has been discontinued.