Apollo Valves Sold to Aalberts
The Netherlands-based Aalberts Industries N.V.has recently acquired acquired 100% of the shares ofConbraco Industries Inc., manufacturer of APOLLO Valves. The acquisition will be effective mid July 2010, after finalizing all formalities and approvals.
Conbraco Industries, APOLLO Valves, is a key player in the North American market for ball valves, safety, relief and check valves, strainers and a new patented range of stainless steel and casted backflow preventers for the commercial and fire protection markets. Additionally the company has a strong position in the industrial market with U.S. made steel and stainless steel valves.
With more than 1,000 employees Conbraco Industries generates an annual revenue of approximately $200 million USD. The company operates three manufacturing facilities in South Carolina, two in Pageland and one in Conway. The head office is based in Matthews, North Carolina. The President of Conbraco Industries,Glenn Mosack, and his management team will remain with the company.
Based on three strong brands, the APOLLO Valves together with EPC (Elkhart Products) metallic fitting range and the LASCO Fittings’ plastic fittings and other products, Aalberts Industries Flow Control can realize a more complete offering to the residential, commercial, consumer market, fire protection and industrial market in North America.
The APOLLO Valves range consists of many products which can also be sold through the existing sales and distribution network in Europe, where Aalberts Industries is present with own sales organizations in almost every country. Especially the product program of safety, relief and check valves and backflow preventers for commercial buildings is an extension of the portfolio in Europe.
Source: Aalberts Industries