DALLAS, Sept. 26, 2001 (PRIMEZONE) -- Dresser, Inc. today announced it has acquired the assets of Elliott Valve, Ltd., based in Houston, for an undisclosed amount of cash. Elliot Valve distributes, repairs and reconditions valves, actuators and related products and is a long-time distributor of Dresser products.
Stuart Brightman, President of Dresser Flow Control Americas, stated, "The Elliott acquisition gives us an entry into an aftermarket that is important for Dresser, and it will also enable us to expand the service offering to customers of our flow control product line." Dresser acquired Elliott's operations and equipment in the transaction and has the non-exclusive rights to use the Elliott Valve name for marketing purposes.
Headquartered in Dallas, Dresser, Inc. is a worldwide leader in the design, manufacture and marketing of highly engineered equipment and services sold primarily to customers in the flow control, and measurement and power systems segments of the energy industry. Dresser has a widely distributed global presence, with more than 8,500 employees and a sales presence in more than 100 countries worldwide. The company's Website can be accessed at www.dresser.com.
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