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Thermax acquires Rifox

EM NEWS BUREAU ,  Friday, April 20, 2012, 14:46 Hrs  [IST]

Steam TrapsThermax 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.
 
                 
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