Valbart, formed in 2003 and headquartered in Mezzago, Italy, specialises in the design, development and manufacture of API 6A and API 6D TMBVs in split-body, all-welded and top-entry configurations, which are mainly used in upstream and midstream oil and gas applications.
Valbart reported revenues of approximately US$104 million for the fiscal year ended 31 May 2010.
“We are very pleased with our acquisition of Valbart and have confidence that our customers will benefit from the addition of Valbart’s products to our portfolio,” said Mark Blinn, Flowserve president and CEO. “Valbart’s premium technology, key position in the upstream and midstream oil and gas markets and demonstrated growth potential make it a compelling strategic fit for our organization.”