OMB Valves SpA, Italy has today confirmed completion of the acquisition of BEL Valves S.r.l., the Milan, Italy operation of UK based BEL Valves Limited.
The company, its business, its assets and employees are now part the OMB Valves group, a diversified manufacturer of valves for the energy industries. Headquartered in Bergamo Italy, OMB is a family owned and operated group recognised globally as a manufacturer of forged steel valves. Its manufacturing operations in Europe, North America, Asia and the Middle East are supported by a worldwide distribution network.
OMB announced its intention to purchase the business in March this year. Through the acquisition, the business will retain the use of the BEL Valves name for a period of one year, relating to the surface/onshore API 6D ball and gate valve soft seated products that the business has developed and currently sells.
BEL Valves Limited, part of UK based engineering group British Engines, will continue its manufacturing operations in the UK, focused primarily on its existing portfolio of high integrity valves and actuators for subsea, surface and onshore applications.
Richard Turner, CEO of BEL Valves, said: “Having reviewed our positioning in the valves market, our decision has been to refocus on our conventional product lines from our UK based facility. The sale of our Milan based facility to OMB Valves brings strong synergies and opportunities for our team in Milan and will allow the business to carve a sustainable path within their market segments.”
Simone Brevi, Managing Director of OMB Valves, said: “We are pleased to have completed the acquisition of BEL Valves S.r.l.. The Milan facility of BEL Valves has a great deal of experience in the manufacture of project focused API 6D ball and gate valve products, which will be an excellent addition to our portfolio.
“We will continue to work with BEL Valves to ensure the business is integrated seamlessly into the OMB group.”