The American Supply Association’s 2010 Operating
Performance Report (OPR), a detailed examination of PHCP distributor financial
performance metrics, showed PVF firms reporting a staggering -24% median
decline in sales last year.
Flowserve Corp.
has acquired Valbart Srl, a privately
owned Italian manufacturer of trunnion-mounted ball valves (TMBV) used
primarily in the oil and gas industry, for about $200 million in cash.