KSB Buys U.S. Service Company
Acquisition of Standard Alloys is part of plan for increased service and repair capabilities in North America
KSB Group has acquired the company Standard Alloys Inc., founded in 1926 and based in Port Arthur, Texas. The company specializes in spare parts management for pumps and compressors.
The acquisition of Standard Alloys is part of the long-range plan for increased service and repair capabilities in North America. The company brings to the group experience in Rapid Cast Technology and engineering expertise in pump hydraulics. KSB said it will leverage this experience and applied technology throughout its network of offices and service centers to bring a greater level of service and satisfaction to its customers.
One segment of Standard Alloys’ business is its pump retrofit program. This includes the manufacture of spare parts for pumps that are no longer in current production or for which no manufacturing documents are available. The company’s range of services is chiefly drawn by customers in southern Texas.
Texas and neighboring Louisiana are home to more than 50% of all petrochemical plants in the U.S. The fact that KSB is already active in this market via shutoff butterfly valves, supplied by Amri Inc. based in Houston, opens up synergies and opportunities to improve market coverage, KSB said.
The acquisition is intended to contribute to the development of the service market for pumps and valves in the southern part of the U.S. and in strategically important sectors such as the power plant and water management industries.