Curtiss-Wright to acquire German valve firm

15 January 2013

Curtiss-Wright Corporation has entered into an agreement to acquire the Phönix Group, a Germany-based valve designer and manufacturer. The transaction, expected to close in the first quarter of 2013, is valued at around EUR82 million ($106 million) in cash.

“Phönix has a strong track record of developing highly engineered, solution-specific valves for the most demanding applications and provides a unique opportunity to expand Curtiss-Wright's severe-service valve franchise in the chemical, petrochemical and power markets in Western Europe, China, India and Russia,” said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation.

Phönix, which has 282 employees, had annual sales of approximately $60 million in 2012. The company offers a complementary portfolio of new products, including a family of bellows sealed valves, control valves and lift plug valves, the Curtiss-Wright said in a statement.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.