DeZurik, Inc. To Acquire Hilton Valve, Inc.
DeZURIK, Inc., a global leader in municipal and industrial valves, has reached a definitive agreement to acquire HILTON Valve, Inc, a leading producer of fabricated large diameter and custom knife gate valves, effective July 9, 2012. The combining of HILTON products and operations with those of DeZURIK creates one of the broadest knife gate and engineered valve companies in the industry.
DeZURIK will acquire all HILTON products and production capability while HILTON operations will remain in their Redmond, Washington facility which includes engineering and manufacturing to produce valves up to 144” in diameter. The HILTON name will be retained as a brand of DeZURIK, Inc. Consolidated sales activity will be coordinated between DeZURIK and HILTON with continuing product technical and project engineering support provided by HILTON.
DeZURIK, Inc., headquartered in Sartell, Minnesota, is a market leading industrial valve manufacturer, with its valve products being used by customers on an international basis. Granite Equity Partners, a local private investment firm that governs and grows companies in Greater Minnesota, is the majority owner of DeZURIK, Inc. More information about the company is available from DeZUIRK, Inc.; 250 Riverside Avenue North, Sartell, MN 56377, Phone 320-259-2000, www.dezurik.com. Information about HILTON is available at www.hiltonvalve.com.