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News

Curtiss-Wright Acquires Valve Systems and Controls

Curtiss Wright Corporation : 01 June, 2007  (Company News)
Curtiss-Wright Acquires Valve Systems and Controls
Curtiss-Wright Corporation has announced that it has acquired certain assets and certain liabilities of Valve Systems and Controls (VSC) of Houston, Texas, for approximately $75 million. VSC provides critical valve, automation, and controls solutions for all facets of flow control operations to the oil and gas market. The business will become part of Curtiss-Wright's Flow Control segment.

'The acquisition of VSC further establishes Curtiss-Wright as a leader in turnkey coker system solutions which is particularly attractive given the tremendous growth in project work in the oil and gas processing market,' said Curtiss-Wright Chairman and CEO Martin R. Benante. 'Building on our growing installed base in the U.S., we have enhanced our ability to deliver and integrate critical hardware with control systems which makes Curtiss-Wright the partner of choice in coker systems globally.'

VSC has been a long-standing partner with DeltaValve, a business unit of Curtiss-Wright Flow Control, delivering critical valve, automation and control system products for the delayed coke deheading process in oil refineries. VSC is the exclusive channel to market for DeltaValve products for North and South America and has been a driving factor in DeltaValve's growth. In addition, VSC provides valve automation, process control and protection technology, project engineering and aftermarket field services to related secondary refining processes, oil production platforms and storage facilities, liquefied natural gas (LNG) terminals and storage facilities, natural gas pipeline operations, and power generation facilities.

Founded in 1974, VSC, sales in 2007 are expected to be approximately $60 million. VSC's customers include virtually all of the well known engineering contractors and integrated oil and gas companies, with a primary focus in North and South America. VSC has 65 employees and is headquartered in Houston, TX, with small satellite offices in Baton Rouge, LA, and Seoul, South Korea.
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