OPW Signs Definitive Agreement to Acquire Liquip

14.08.2014

OPW announced it has signed a definitive agreement to acquire all the outstanding shares of Liquip International headquartered in Smithfield, NSW, Australia. Liquip is a leading Australian designer and manufacturer of bulk liquid handling and storage solutions in the petroleum, aviation, and chemical markets.

OPW Signs Definitive Agreement to Acquire Liquip

OPW

David Crouse, President of OPW commented, “The acquisition of Liquip is another important step in the global growth strategy of OPW. Liquip significantly strengthens OPW’s fluid handling position in Australia and throughout Asia Pacific. By combining our products, we create a truly best in class product portfolio meeting the unique requirements of our chemical and industrial and tank truck customers.”

Liquip expects to generate revenue of approximately USD $40 million in 2014. The transaction is subject to certain customary and other closing conditions, and is expected to close in the third quarter. Terms of the transaction were not disclosed.

Source: OPW

More articles on this topic

Precision Gear Metering Pump Provides Scented Plastic Bag Manufacturer Accurate and Consistent Continuous Pulse-Free Process

08.11.2022 -

A global manufacturer of scented plastic garbage bags was looking for an alternative to the use of pre-scented plastic pellets. A serendipitous encounter at a tradeshow led them to a precision gear metering pump solution that gave them accuracy and consistency at the low flow rates required, while also reducing their costs and improving worker health.

Read more