Curtiss-Wright Corp. (CW: Quote) announced it has entered into an agreement to acquire the Phönix Group through the acquisition of 100% of the shares of Phönix Holding GmbH for approximately $106 million.
Phönix, headquartered in Germany, is a leading designer and manufacturer of high performance, severe-service valves, valve systems and related support services to the global chemical, petrochemical and power markets.
The business will become part of Curtiss-Wright’s Flow Control segment.
Click here to receive FREE breaking news email alerts for Curtiss-Wright Corp. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com