ERIKS acquires C&C Industries and CCTX Flow Products
ERIKS NV, a Netherlands-based industrial service provider, has acquired C&C Industries Inc. and CCTX Flow Products Inc.
C&C and CCTX are providers of valves for a variety of industrial applications with more than two decades of experience. The companies focus on upstream (drilling and exploration), midstream (gas gathering, compressor stations, metering) and downstream (refineries and petrochemical plants) applications in the oil and gas markets of the U.S. and Canada.
C&C is headquartered in Houston, Texas. CCTX operates from Edmonton, Alberta,
Canada.
The acquisition of C&C and CCTX expands ERIKS' access to the North American oil and gas markets, and expands its existing sales and distribution network.
"This investment is done in support of a product category that is an important part of ERIKS’ global growth strategy. C&C and CCTX have a well-established business model of providing 'Valve Solutions through Partnered Distribution.' The companies will continue to implement this channel strategy," ERIKs said in a press release announcing the acquisitions.
Both C&C and CCTX will become a part of the ERIKS North America organization.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
