CIRCOR Will Soon Sell Distributed Valves Business
15 October 2019
CIRCOR has announced its plan to sell its Distributed Valves business, as the company continues to follow through with a strategic shift away from upstream oil and gas.
Scott Buckhout, president and CEO said: “This move is an important step in CIRCOR’s transformation as we continue to diversify and focus on different end markets with enhanced growth and earnings potential.
CIRCOR communicated its plans to shift away from upstream oil and gas in June 2019; this decision is consistent with the company’s 18-month plan.
Image credit: CIRCOR