CIRCOR International Acquires Valves Division from India-based Mazda Ltd.

June 1, 2010
Acquisition strengthens emerging market presence

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, announced that its wholly owned subsidiary, CIRCOR Flow Technologies India Private Ltd., has acquired the valves division of India-based Mazda Ltd., a manufacturer of severe service control valves and vacuum systems.

In the 12 months prior to the acquisition, Mazda's valves division generated revenues of approximately $3.2 million.

"This acquisition provides CIRCOR with greater access to the steadily growing Indian power generation industry and broadens our product offering with a suite of severe service control valves," said CEO Bill Higgins, of Burlington, Mass.-based CIRCOR. "Just over a year ago we incorporated our subsidiary in India and have been steadily building an engineering, sourcing and sales organization."

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