30th June 2010, Kingston upon Hull, East Yorkshire, U.K. In spite of the global crisis, affecting all the markets worldwide, Valvitalia Group keeps on investing and acquires a new Company. The Chairman and C.E.O. of Valvitalia S.p.A., Salvatore Ruggeri, signs the acquisition of Broady Flow Control Limited.
“With this further acquisition” – said Mr. Salvatore Ruggeri – “Valvitalia will reinforce its world market position trading in 77 countries and having more than 1000 employees, operating 12 manufacturing plants and with a turnover of 450 million Dollars (US). Valvitalia Group will be able to increase its product offering to the advantage of clients all over the world: all kinds of valves, actuators, systems, fittings, flanges and other energy equipment.
Broady Flow Control Limited has, for more than 100 years, been a manufacturer of Safety Relief Valves for Oil, Gas and Power Industry as well as specialist valves for the Defense Industry. Furthermore, Broady operates an Aluminium Bronze foundry producing high integrity castings to the exacting standards of the Global Defense Sector.
“In Valvitalia we see a business of excellence, young, dynamic and keen to grow”, said Mr. Rob Moulds, Broady Managing Director. “The synergy between the two organizations is remarkable and we believe we will be a valuable asset to the Valvitalia Group just as Valvitalia will further invigorate Broady”.
Valvitalia will have in Hull an operational base dedicated to serving the North Sea market.