Precision Castparts Corp. announced the acquisitions of Valtaco, a division of the Ostaco AG, in a deal valued at $7 million and of Reiss Valves from the Reiss Engineering Co. Ltd. for about $3 million.
Valtaco is a Zurich manufacturer of quarter-turn, three-piece ball valves used in the pharmaceutical, biotechnology and chemical industries. Reiss, located in Peterborough, England, produces knife gate valves and holds about 30% of the British market for such valves.