Flow Group acquired by Hamworthy PLC
Hamworthy, a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, has acquired AW Flow Holdings Limited and its subsidiary undertakings, a group of UK based specialist valve manufacturing businesses supplying predominantly the oil and gas sector.
AW Flow is the holding company of Flow Group Limited, which includes the well-known brands of Shipham Valves, Leeds Valve, John Mills Valves, Robert Cort and employs 141 people. Its range of valves are highly complementary to Hamworthy's existing pump range and the acquired business will be merged with the Group's Pumps Systems business to form a new division, Hamworthy Flow Solutions.
Commenting on the acquisition, Joe Oatley, Chief Executive of Hamworthy, said: "The acquisition expands Hamworthy's position and scope in the oil and gas market, in particular for offshore applications, as well as access to the down-stream terminals and refinery markets. Flow Group's product and market expertise will complement Hamworthy's financial, technical and global sales resources."