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 www.cdivalve.com |
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| 1555 Larkin Williams Rd., Fenton, MO 63026 Phone: (314) 781-6022 |
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| January 5, 2010 Control Devices Closes Acquisition of Robert Manufacturing Company Operating Assets St. Louis, MO – In a major move to expand its global presence in the manufacture and distribution of flow controls, Control Devices, LLC has acquired the operating assets of Robert Manufacturing Company, Inc., which is headquartered in Rancho Cucamonga, CA. Control Devices closed on the cash transaction on January 5, 2010. “We are excited to have the Robert brands join the Control Devices family and to broaden our flow control product offering with this acquisition,” said Control Devices CEO Tom Stadtmueller. St. Louis-based Control Devices, LLC is a leading manufacturer of high quality valves and nozzles serving the compressed air, pressure washer, vehicle systems, fluid power, fire protection, and specialty gas industries. The Company offers an increasingly broad line of standard products for OEM’s and distributors, and prides itself in its ability to engineer and manufacture flow control solutions for custom OEM applications. Control Devices has design and manufacturing operations in St. Louis, a specialized machine shop facility located in Pacific, Missouri, and also maintains a sourcing operation in Shanghai, China. Founded in 1936, Robert Manufacturing Company designed and manufactured float valves and related assemblies for OEM’s and distributors. Robert’s primary branded products included Bob® performance brass and stainless steel float valves, Bobby® valve reservoir assemblies, Bobby® miniature float valves, and related replacement parts and kits. The water reservoir assemblies, stainless steel float valves and miniature float valves are NSF® listed products. Control Devices is majority controlled by Corridor Capital, LLC, a private equity firm that focuses on investments in the specialty manufacturing and asset-intensive business services sectors. “We strongly believe in the Control Devices team and will continue to seek additional add-on transactions that further strengthen Control Devices’ ability to provide its customers with engineered flow control solutions”, said Craig Enenstein, founder and CEO of Corridor Capital, LLC. For further information contact: |
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 1/5/2010 Press Release - Download PDF Version |
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| www.cdivalve.com |
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| 1555 Larkin Williams Rd., Fenton, MO 63026 Phone: (314) 781-6022 |
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| Control Devices, LLC Acquires Drain-All, Inc. St. Louis, MO, April 18, 2011 – In another step to expand its global presence in the design, manufacture and distribution of flow control solutions, Control Devices, LLC has acquired Knoxville, Tennessee based Drain-All, Inc. (“Drain-All”). The transaction was effective April 15, 2011. About Control Devices Control Devices, LLC is a leading manufacturer of high quality flow control valves serving the compressed air, pressure washer, vehicle systems, fire protection, industrial float valve, food service equipment and specialty gas industries. The Company offers a line of standard products, and prides itself in its ability to design and manufacture Engineered Flow Control Solutions for custom applications. Control Devices has manufacturing operations in St. Louis, Pacific and St. Clare, MO and in addition to sales and sourcing operations in Rancho Cucamonga, CA and Shanghai, China. Founded in 1982, Drain-All designs, manufactures and markets unique product solutions for draining and handling liquids, specializing in condensate removal from compressed air and gas equipment and systems, and also offers other products for refrigeration and process equipment. Drain-All’s core product is a pneumatic, zero-loss condensate trap that captures and drains liquid from industrial compressed air and gas systems without discharging expensive compressed air or gas into the atmosphere. Drain-All’s products are considered to be “Green Investments” by industry experts and end users due to their energy saving characteristics. The company’s global customer base includes OEM’s, distributors and end users. Return-on-investment for a typical customer installation is achieved within months. Tom Stadtmueller, CEO of Control Devices, stated “Drain-All is widely recognized as the Subject Matter Expert in condensate removal as well offering Best in Class products.” Stadtmueller further commented, “We at Control Devices are enthusiastic about collaborating with our new Drain-All team members to expand the production and distribution of each of Drain-All’s products. Employees and current production operations will remain in Tennessee.” “I’m extremely pleased that Drain-All has become part of Control Devices since both are global industry technology leaders and the synergies enjoyed by this joining of forces will accelerate their continued growth in product and support services providing even greater value to customers and partners,” said Drain-All CEO & Owner Lester V. Ottinger. Los Angeles-based Corridor Capital, LLC, acquired a majority interest in Control Devices in June 2007. “Corridor Capital actively supported Control Devices in its third add-on acquisition,” states Craig Enenstein, founder and Chief Executive Officer of Corridor Capital. “We strongly believe in the Control Devices business model and its leadership team, and will continue to pursue additional add-on-transactions that meet the company’s investment criteria.” For additional information contact: |
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| 4/18/2011 Press Release - Download PDF Version |
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