Flowserve FLS = BWF + DURI flow management Message Board

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Technology Stocks : Flowserve FLS = BWF + DURI flow management

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From: JakeStraw	7/16/2010 10:20:41 AM
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Flowserve Acquires Valbart Srl, Italian Valve Manufacturer finance.yahoo.com Friday July 16, 2010 DALLAS--(BUSINESS WIRE)--Flowserve Corp. (NYSE:FLS), a global leader in the fluid motion and control industry, announced today it has acquired Valbart Srl, a privately owned Italian manufacturer of trunnion-mounted ball valves (TMBV) used primarily in the oil and gas industry. “Valbart has quickly become a leader in the global TMBV market, with highly-efficient operations and an outstanding management team,” said Tom Pajonas, president, Flowserve Flow Control Division. “Valbart’s products fill a strategic gap in our product portfolio and significantly strengthen our ability to provide a more complete valve package to oil and gas projects. We believe that we can quickly and significantly grow Valbart through our established global sales and service network.”

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