IMI snaps up Brazilian valve firm

International engineer group IMI has spent £22m in cash on buying Brazilian isolation valve business Grupo InterAtiva.

International engineer group IMI has spent £22m in cash on buying Brazilian isolation valve business Grupo InterAtiva.

InterAtiva operates a 9,000 square metre facility near Sao Paolo in which it design, assembles and distributes isolation valves to several end markets including oil and gas, sugar and ethanol production and water treatment.

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