Submitted by xli on March 6, 2017
HOUSTON, Texas, January 9, 2017 – Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has acquired the assets of Cooper Valves from Platform Management investment group. Based in Stafford, Texas, Cooper Valves manufactures Accuseal® metal seated ball valves engineered to meet Class VI shut off standards for use in severe service applications, as well as a full line of cast and forged gate, globe, and check valves. Innovative Valve Components, in partnership with Cooper Valves, commercialized critical service valves and components for the power generation industry.
Prady Iyyanki, Forum’s President and Chief Operating Officer, commented, “The Cooper Valves and Innovative Valve Components acquisitions fit with our strategy of increasing our product offering to midstream and downstream customers. Importantly, Cooper complements our product offering with high specification, engineered valves. The capabilities of Forum’s Valve Solutions product offering and Cooper Valves are expected to benefit each business as they are integrated. We welcome the Cooper employees to Forum.”