Posted in | News | Petrochemicals

Industrial Gas Manufacturer Sells Valve Manufacturing Plant

May 8 2008

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The Linde Group, a world leading gases and engineering company, has sold its valve production facility MAPAG Valves GmbH (Germany) to the international technology corporation Metso (Finland) at an enterprise value of 36 million euro.

The contract was signed today and will enter into effect on approval from the relevant anti-trust authorities.

With the divestiture of this non-core activity Linde's Engineering Division further focuses on its core competencies. MAPAG is a specialist in producing high performance butterfly valves for different types of plants in the petrochemical, air separation and Liquefied Natural Gas (LNG) industry.

The company employs a staff of around 100 and achieved sales of approximately 31 million euro in the 2007 financial year.

Posted May 8th,2008

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