Mogas Industries completed the acquisition of assets of Watson Valve

  |   Mergers & Acquisitions news
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MOGAS Industries, Inc. has completed the acquisition of assets of Watson Valve, the Houston-based turn-key manufacturer of severe service valves, to include repairs and coating services. Watson has a global install base of over 3400 valves, primarily in the mining industry, but also encompassing the oil and gas and chemical industries.

This strategic takeover expands MOGAS’ global mining reach on valve supply and valve repair services, as well as adjacent market opportunities especially pertaining to the autoclave market. It also provides an opportunity for MOGAS to build and strengthen its technology-driven vision for the niche pressure leach industry – both high-pressure acid leach, as well as pressure oxidation – by including long-standing mining customers to its portfolio, especially in the North American region.

Matt Mogas, MOGAS President and CEO, said:

“This acquisition allows MOGAS to expand its product portfolio and get a step closer to achieve our vision as the dominant severe service technology company. We would like to offer our customers more options, and will continue to leverage our years of field experience to further enhance the Watson product line.”