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Leslie was purchased in 1989 by Watts Industries, Inc. of Andover, Massachusetts, which made water valves and was trying to increase its share of the valve industry. Leslie's 1988 sales were $33 million, Watts had sales of $181 million. [13] Leslie bought K&M Valve Company in 1995. [14]
Network International sold 40% of its shares at the IPO. [11] In addition to this, Mastercard bought a cornerstone investment of $300 million, though the deal subject to a 9.99% limit, [ 13 ] which it stated it would invest in shared projects with Network in the MENA region as part of the deal.
Flowserve sells products and offers aftermarket services to engineering and construction firms, original equipment manufacturers, distributors, and end users. The Flowserve brand name originated in 1997 with a merger of BW/IP (Borg-Warner/IP International) and Durco International.
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A typical application is a PID controller fed by a flow meter and using a control valve as the final control element. The DCS sends the setpoint required by the process to the controller which instructs a valve to operate so that the process reaches and stays at the desired setpoint. (see 4–20 mA schematic for example).
It also fabricates steel pipe nipples and resells imported brass and plastic plumbing valves, malleable iron fittings, faucets, and plumbing specialty products to plumbing wholesalers and building materials retailers, as well as to distributors of manufactured housing and recreational vehicle industries. [4]
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