CIRCOR International
, a Burlington, MA-based provider of valves and other fluid control devices for the instrumentation, aerospace, thermal fluid and energy markets, has acquired Industria for approximately $10 million in a cash for stock transaction.
Industria, located in Le Plessis Trevise, France, near
With annual revenues of approximately $14 million, Industria is expected to contribute $0.02 to $0.03 to CIRCOR's diluted earnings per share in 2006.
CIRCOR's Chairman and Chief Executive Officer, David A. Bloss, Sr. commented, "With the acquisition of Industria, we extend our reach into the European aerospace and military markets for flight-qualified hardware, and expand our global product offering with solenoid valves and related components.”
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