Control Devices Acquires Solenoid Solutions
Acquisition Expands Flow Control Platform Through Complementary Products
The addition of Solenoid Solutions brings complementary product lines, specialized solenoid valve technology, and strong product development capabilities to Control Devices. Solenoid Solutions offers industry-leading 2-way, 3-way, and proportional solenoid valves and manifolds. By combining Solenoid Solutions' design, development, and manufacturing with Control Devices' existing capabilities, the company increases its product breadth and advances its ability to deliver integrated solutions to the customer.
"This acquisition reflects another example of our long-term growth strategy and our continued commitment to serving our customers," said
The combination also creates new avenues for growth. Control Devices' established commercial organization will extend the reach of Solenoid Solutions' products, expanding opportunities across its customer base in critical end markets and applications including medical, food service and appliance, instrumentation, industrial cooling systems, and transportation. Solenoid Solutions' vertically integrated operations will further complement Control Devices' manufacturing footprint.
Solenoid Solutions, located in
Terms of the transaction were not disclosed.
For more information about Control Devices or HBM Holdings, please visit www.cdivalve.com or www.hbmholdings.com.
ABOUT CONTROL DEVICES
Control Devices, an HBM Holdings company headquartered in
ABOUT HBM HOLDINGS
HBM Holdings is a privately held global conglomerate focused on strategically acquiring and partnering with middle-market industrial companies. HBM companies develop, manufacture, and deliver high-performance solutions for essential industries worldwide. HBM'S portfolio of companies includes MLC, HarperLove, Control Devices, Schafer Industries and Calcium Products.
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SOURCE Control Devices
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