“We are pleased to complete this transformative transaction and welcome the Fluid Handling team to the CIRCOR family,” said Scott Buckhout, President and Chief Executive Officer of CIRCOR.
“With a more technology differentiated product portfolio of recognised brands, and a broader range of end markets and geographies, we are positioned to provide customers with a comprehensive suite of flow control solutions. We believe that this acquisition will allow us to enhance our customers’ experience, capture new market opportunities, and generate strong returns for our shareholders.”
FH will become a third group within CIRCOR, called Pumping Technologies, joining the company’s existing Energy and Advanced Flow Solutions groups.
Deutsche Bank acted as financial advisor and WilmerHale acted as legal counsel to CIRCOR.
