On 31 January 2017, KSG AG (“KSB”), the pump and valve manufacturer, has divested the business activities of its subsidiary KSB AMRI, Inc. (“AMRI”) to Bray International, Inc. (“Bray”). Located in Houston, Texas, AMRI produces shut-off butterfly valves and actuators used primarily for chlorine production in the chemical industry. With a workforce of 33, KSB AMRI generated sales revenue of € 9.5 million in 2015.
Within the scope of the acquisition, Bray took over the production site and employees, as well as the ACRIS and AMRESIST brands. In addition, KSB and Bray concluded a sales and supply cooperation agreement.
EC M&A acted as exclusive financial advisor to KSB on this transaction.