Matholding Group is strengthening its market position in water control and handling solutions through the acquisition of 51 percent of the shares in the U.S.‐based OCV Control Valves LLC. The group is rounding out its portfolio in hydraulic control and air valves by merging Dorot Control Valves’ expertise with OCV’s know‐how and experience in the U.S. and Canadian markets.
The acquisition complements Matholding Group’s offering and expands their product range to include valves for all major markets. The move also introduces new products to the company’s process‐valve portfolio for the fueling transfer and aviation markets as well as other process industries.
“This acquisition represents an important strategic step for Matholding Group’s valve business. It expands our offering for current customer segments and provides us with the platform for products in North America and other countries to increases our presence in attractive new industries and application areas,” said Pau Relat, CEO of Matholding Group and Chairman of Dorot Control Valves.