Bonney Forge Buys Italian Valve Maker
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.
All of BFE's valve producing capacity is committed exclusively to the production of Bonney Forge and RP&C forged steel valves. As a result of the acquisition, BFE has increased its already extensive forged steel valve producing capacity by 30,000 units per month.
BFE and Bonney Forge Corp. have fully integrated forging and machining facilities in Italy and in the United States. Additionally, they are partners in producing cast steel valves in their joint venture production facilities in Shanghai, China.