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Three of the largest industrial pipe, valve and fitting distributors have joined forces to create a $330-million distribution company, projected to be the fifth largest PVF wholesaler in the country.
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.