NIBCO Finalizes Acquisition of Milwaukee Valve
03 December 2019
NIBCO INC. completed the acquisition of Milwaukee Valve Company at the end of November 2019.
NIBCO Chairman Rex Martin stated: “We are thrilled to build upon and deepen Milwaukee Valve’s long history of high standards of manufacturing excellence and serving its customers. Our interest in Milwaukee Valve was driven by our admiration for its multi-generational family-owned history, strong corporate culture and long term performance.”
Milwaukee Valve will continue to operate separately as a subsidiary of NIBCO, with no changes to their day-to-day operations. Rick Giannini, CEO of Milwaukee Valve, will continue to lead the business.
Milwaukee Valve Co. was established in Wisconsin in 1901 and is a leading global producer of high-precision valves to the commercial, industrial and Navy marine markets including ball, gate, globe, check, butterfly, high performance butterfly, specialty marine and lead-free valves.
Founded in 1904, NIBCO is a leading provider of valves, fittings, and flow control products for commercial, industrial and institutional construction, as well as residential and irrigation markets. NIBCO has 10 manufacturing plants located throughout the United States, Mexico and Poland.
Image credit: NIBCO