Eriks acquires Texan stocking distributor Newdell

Eriks has acquired all shares of Newdell, a stocking distributor of standard as well as special material valves, used in the petrochemical, chemical and refinery markets.

Newdell has approximately 80 employees, generates annual sales of $40m (£26m) and is the exclusive American distributor for Pan Korea industrial valves, as well as Smith forged steel gate, globe and check valves.

The company, based in Houston, Texas, will operate as a separate unit within Eriks Flow USA in line with Eriks’ strategy to build a platform for flow technology in North America.

Following the acquisition of Newdell, total annual sales of Eriks in North America, including Eriks Rubber and Plastics, amounts to around $200m.