Ponte San Marco (BS) Italy, January 20th 2017 – The Cavagna Group has finalized the acquisition of a business line of LPG valves and regulators by purchasing DVR’s assets, a Turkish privately owned company based in Istanbul (Turkey), part of the ALTEK GROUP.
Established in 1971, the DVR Company, has been delivering a wide range of LPG products including Self Closing Valves, Hand Wheel Operated Valves, Camping Cylinder Valves and Regulators for LPG to customers in mainly in Europe, Middel East, Africa and Turkey.
The assets will be transferred from Turkey and installed earlier this year in some of Cavagna’s plants in order to take advantage of Cavagna’s industrial synergy.
In this way, these products, can be manufactured with maximum efficiency and marketed through Cavagna’s own international network.
Through the acquisition, Cavagna Group will enlarge the LPG business platform that would help further expand its global business and strengthen the operation services for most recognized LPG distribution companies.
About DVR Group
DVR , with its knowledge backlog and expertise gained since 1971 , is among the leading producers of Self Closing Valves, Hand Wheel Operated Valves, Camping Cylinder Valves and Regulators for LPG.
Its facility is located in Istanbul, Turkey. DVR is part of ALTEK GROUP ( www.altekdokum.com ) the well-known zinc and copper alloys producer.
About Cavagna Group
The Cavagna Group has been supplying industries and consumers worldwide since 1949, and it is today’s leading manufacturer of equipment and fittings for compressed gases, gas storage and gas control. The Cavagna Group offers the most complete and reliable line of products in the sector, as well as the most dynamic services.
Both the experience and reliability of the Group’s product range have led to long-lasting partnerships with virtually all major oil/gas companies, in addition to producers of compressed gas containers and gas appliance OEMs. The Cavagna Group employs approximately 1,000 people worldwide. The Group is made up of nine vertically integrated production companies in Italy and nine other companies spread out across five continents. With a distribution network consisting of an additional fifteen fully-owned distribution companies, the Cavagna Group now sells its products in more than 145 countries worldwide. For more info, please visit: www.cavagnagroup.com