Acquisitions

RNS Number : 9995K

Rotork PLC

06 August 2013

 



6 August 2013

Rotork Plc

Acquisitions

Rotork Plc ("Rotork"), the market leading actuator manufacturer and flow control company, today announces the acquisition of the entire issued share capital of:

G.T. Attuatori Italia S.r.l. based in Milan, Italy, together with G.T. Attuatori Europe GmbH and Max Process GmbH ("GTA"), both based near Bonn, Germany.

Renfro Associates, Inc. ("Renfro"), a valve adaption and mounting business based in Broken Arrow, Oklahoma, U.S.A.

Commenting on the acquisitions, Peter France, Chief Executive, said:

"The acquisition of GTA brings to the Rotork family of companies one of the longest established, best regarded, pneumatic rack and pinion manufacturers in our markets. The acquisition will further enhance the range of products Rotork offers to our customers.

Renfro is another long established business with an excellent reputation for delivering high quality product and service to its customers. The acquisition provides us with the opportunity to repeat the success of our U.K. based valvekits business by expanding the Renfro offer across the U.S.A".

For further information, please contact:

Rotork p.l.c.                                       Tel: [phone]

Peter France, Chief Executive

Jonathan Davis, Finance Director

FTI Consulting                                   Tel: [phone]

Nick Hasell/Susanne Yule

 

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