Founded in 1973, Mogas was established by V Louis Mogas with the purchase of a small machine shop. Today, Mogas is a leading manufacturer of severe service isolation valves for end-markets including mining, power and process industries. Mogas has established sales and service offices in Australia, China, Europe, Canada, South America, the Middle East and India, countries which are highly complementary to Flowserve’s served geographies.
When the deal closes, Mogas will be integrated into Flowserve’s Flow Control Division (FCD) segment, adding a strong brand, heritage, and technical expertise in diverse and attractive end markets.
“Mogas is highly complementary to Flowserve’s current valve portfolio and further advances our 3D growth strategy by roughly doubling our direct mining and mineral extraction exposure and driving further diversification,” said Scott Rowe, Flowserve’s president and CEO.
“The combination creates technically differentiated scale in severe service flow control with significant aftermarket contribution.”
Matt Mogas, president and CEO of Mogas, said: “There is no better cultural and strategic fit for our family’s 50-year-old business than joining with Flowserve, a company that shares our unwavering commitment to customers, people, and products. Our employees, who are at the heart of our success, will benefit from the alignment of values and opportunities for growth within a larger organization.”
