Global flow control company Rotork has announced the acquisition of the Bifold Group Ltd. – a leading manufacturer of pneumatic and hydraulic instrument valves and components.
About the company
From its origins in the 19th century mining industry, Bifold has evolved into a leading manufacturer of instrument valves and accessories, piping valves and pumps for the oil, gas and wider industrial markets, with expertise in a number of niche sectors including subsea and wellhead control systems. It also has market-leading technology in areas that include the development of solenoid valves with ultra-low power requirements.
Bifold has a strong market presence and excellent brand recognition. As part of Rotork, Bifold will sit within the Rotork Instruments division and will be able to offer a broader product portfolio to its customers.
Commenting on the acquisition
Peter France, Rotork's Chief Executive, stated: “The acquisition of Bifold represents an exciting step forward in the continued development of Rotork Instruments. This strategic acquisition of a long held target of Rotork’s is directly in line with our core strategy of strengthening Rotork’s presence in the flow control sector and broadening our product portfolio. Bifold is a highly complementary business to Rotork with a well-regarded management team that provides Rotork with an enlarged platform to further offer its products and services to the oil and gas sector and wider industrial markets. The combination of Bifold’s extensive product portfolio and leading technology with Rotork’s international sales network and geographic reach will significantly strengthen our presence across the global flow control market.”
Edited from various sources by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/08092015/rotork-acquires-bifold/