NIBCO has announced its acquisition of Milwaukee Valve, a global producer of valves for the commercial, industrial and marine markets, including the U.S. navy.
Milwaukee Valve will continue to operate separately as a wholly-owned subsidiary of NIBCO, with no changes to its sales, customer service, administrative, manufacturing or distribution operations.
Rick Giannini, CEO of Milwaukee Valve, will continue to lead the business and will be supported by the existing leadership team.
Rex Martin, NIBCO chairman, said, “We are thrilled to build upon and deepen Milwaukee Valve’s long history of high standards of manufacturing excellence and serving its customers. Our interest in Milwaukee Valve was driven by our admiration for its multi-generational family-owned history, strong corporate culture and long term performance, which are consistent with NIBCO’s core values.”
Milwaukee Valve has two manufacturing facilities in Wisconsin and one in China.