Tag: New Valve News
Circor Will Divest its Upstream Oil and Gas Business
Circor International revealed it will dispose of its long-cycle upstream oil & gas engineered valve business to P&P Flow Control, an affiliate of Certina Holding AG, with an earnout of 50% of net income over seven years up to a maximum of €18M.This transaction is consistent with the company’s strategy to exit non-core businesses and further simplification.