Thursday, October 1, 2009

CIRCOR acquires UK-based Pipeline Engineering & Supply Co. Ltd.

BURLINGTON, Mass. – NYSE-listed CIRCOR International, Inc., a provider of valves and other highly engineered products and subsystems that control the flow of fluids safely and efficiently in the aerospace, energy and industrial markets, on Sept. 28 announced that it has acquired Pipeline Engineering & Supply Co. Ltd., a privately held pipeline products and solutions company based in the United Kingdom. ‘
Pipeline Engineering generated approximately $30 million in revenues during its most recent fiscal year. Excluding acquisition-related costs, the transaction is expected to be immediately accretive to earnings. Terms of the deal were not disclosed.

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