FRANKENTHAL, Germany (Feb. 8, 2017)—KSB has divested the business activities of its subsidiary KSB AMRI Inc. effective Jan. 31, 2017, according to a statement from KSB.
Located in Houston, Texas, the U.S. company produces shut-off butterfly valves and actuators. The products are used for chlorine production in the chemical industry. With a workforce of 33, KSB AMRI Inc. generated sales revenue of 9.5 million euros in 2015, according to KSB.
Within the scope of the acquisition, Bray International Inc. 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.
Selling KSB AMRI Inc. is part of an initiative intended to strengthen KSB’s market position, according to the statement. In this context, the group aims to simplify its organizational structure with currently more than 100 companies and streamline the product portfolio.