News Valve Manufacturing Velan Inc. Announces Sale of its Jointly Held Italian Company
Velan Inc. Announces Sale of its Jointly Held Italian Company
Tuesday, 22 July 2008 12:47

Velan announced that it has entered into a definitive agreement with BPS S.r.l. for the sale of its 50% interest in Velan S.r.l., the sale was completed on July 21st, 2008.

Velan and BPS, which is owned by five senior executives of SRL, established SRL in 2003 to manufacture Trunnion Mounted API6D and 6A ball valves. SRL, whose name has been changed to Valbart, will continue to supply valves to the Velan Group.

 

Source: Velan

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