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Weir Minerals Acquires Delta Industrial Valves

Acquisition of Delta Industrial Valves: Weir Minerals expands valve offering

Dec 28, 2015
The Weir Group PLC ("Weir") has agreed to acquire Delta Industrial Valves Inc. ("Delta" or "the Company"), a leading US-based manufacturer of knife gate valves for the mining, oil sands and other industrial markets, for an enterprise value of up to US$47 million.  Based in Niles, Michigan, Delta employs approximately 70 people and generated EBITDA  of approximately US$6.2 million over the last twelve months.
 
Initial consideration of US$37 million will be payable on completion of the acquisition, US$21m in cash (funded from existing bank facilities) and US$16m in new equity, enabling the owners of Delta to share in the future benefits of the combination. Up to a further US$10m in cash will be paid over the next 18 months, contingent upon the business meeting certain profit growth targets.  

Source: http://www.weirminerals.com/news/weir_mineral_news/2015/weir_acquires_delta_valves.aspx

March 7, 2014
Inside this issue
Hose Builder

Carries out rubber lining and hose making processes according to standard safety procedures. Fabricates and process metal and rubber components in accordance with specified instructions. 

Account Manager-Capital Projects

Reporting to the Sales Manager-Projects for the designated region, the Sales Engineer is responsible for developing and managing specific key accounts and Engineering Firm customers, while meeting sales objectives and identifying new business opportunities for Weir Minerals’ entire portfolio within the designated geographic territory.

Rubber Product Manager

The Rubber Product Manager is responsible for the implementation of Weir Mineral’s Rubber Products strategy in Canada and aligning their application with WMC’s Integrated Solutions strategy. 

CNC Machinist

Sets up and operates conventional, special purpose, machining centers to fabricate high speed precision ground metallic parts and components with tight tolerances and exotic materials.

Material Handler

To ensure timely and accurate movement of all products in and around the facility.

Field Engineer

The Field Engineer’s role will be to technically support our key oil sands customers. 

Handlay Supervisor

Reporting to the Production Manager of the Fabrication Shop, the selected candidate will supervise workers engaged on the afternoon shif.

Buyer

Perform duties required to provide strategically source and procure a wide variety of technical and non-technical materials and services from suppliers worldwide to support customer requirements.

Customer Service Rep - Inside Sales I

Provides exceptional customer service to internal and external customers; receives and verifies orders for Weir products.

Applications Engineer

As part of our sales departments, the Application Engineer will work collaborative with internal departments and external stakeholders to support business development, sales of products and aftermarket services, while ensuring that customer requirements are met.