DEZURIK TO ACQUIRE HILTON VALVE, EXPANDS KNIFE GATE VALVE OFFERING

[freemexy]

DeZURIK Inc., a supplier of municipal and industrial valves, has reached a definitive agreement to acquire HILTON Valve Inc., a supplier of fabricated large-diameter and custom knife gate valves. The acquisition will be effective July 9, 2012.

Under terms of the agreement, DeZURIK will acquire all HILTON products and production capability. HILTON operations will continue as a stand-alone business in the company’s present Redmond, Wash. facility, which includes engineering and manufacturing to produce valves up to 144 inches in diameter. HILTON valve lines are used extensively on water, wastewater, energy, process, and hydro applications, with emphasis on problem solving and unique designs built to any U.S. and international standard.

Founded in 1952, HILTON was one of the first knife gate valve producers. In 1983, HILTON operations were redirected to focus exclusively on the design and manufacture of fabricated knife gate and other specialty valves.
The combined company will consolidate a broad product range, including standard, engineered and custom products.
In addition to creating a broad and diverse knife gate product line, combined technologies of the companies, along with a common emphasis on engineered products, is expected to provide a broader and coordinated product line that will expand market responsiveness and individual customer service.