Product category:
Heating Systems, Controls and Management
News Release from: Pegler
Edited by the Buildingtalk Editorial
Team on 22 September 2005
Pegler sold to Aalberts Industries N.V.
Pegler Holdings has signed an agreement to sell its entire share capital to Aalberts Industries N.V.of the Netherlands.
Pegler Holdings has announced it has signed an agreement to sell its entire share capital to Aalberts Industries N.V of the Netherlands
This article was originally published on Buildingtalk on 14 May 2008 at 8.00am (UK)
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Aalberts Industries is an international industrial group with two core activities, Industrial Services and Flow Control.
It is a world leader in valves, fittings and flow control systems and has an impressive growth record achieved through organic sales and value enhancing acquisitions.
Its portfolio of businesses around Europe and North America experienced strong results both in 2004 and in first half 2005.
With its aggressive commitment to new product development Pegler has also experienced strong growth over recent years and brings to Aalberts Industries a market leading position in the UK coupled with strong brands and a highly automated production facility in Doncaster which boasts one of the largest and most modern Chrome plating facilities in Europe.
Tony Clarkson, Pegler's Managing Director, said of the deal: "This puts Pegler at the heart of Aalberts Industries core business and represents a major opportunity for us to continue to trade independently whilst achieving further advantage through group leverage and expansion into new markets through Aalberts Industries' sister companies.".
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