Thermax has acquired the Steam
Division of Virgo Valves & Controls
Ltd, India and its German
subsidiary company Rifox-Hans Richter
GmbH, a leading steam traps and allied
steam accessories manufacturer. The
acquisition was completed on March 21,
2012 for a value of Rs.13.39 crore, a
release from Thermax noted.
Rifox, headquartered in Bremen,
Germany has a tradition of over 60 years
in manufacturing steam efficiency
products for a wide range of industries.
Its core products are various types of
steam traps and vent valves, with highest
pressure up to 250 kg/cm2 and
temperature up to 530ยบ C. Rifox is also a
respected brand in specialty products
for compressed air, pressurized gas and
pressurised liquid systems. It has a
strong presence in Germany and the
European markets. Virgo from whom
Thermax acquired Rifox has emerged as
a leading manufacturer of valves for oil &
gas markets worldwide. The Group has
customers in over 60 countries,
manufacturing locations in four
countries across three continents and
over 900 employees worldwide.