Swagelok acquires RHPS B.V.
SOLON, Ohio -- Swagelok Company today announced it has acquired the shares of RHPS B.V. as part of its strategy to broaden the company's offering of products and services for fluid system technology customers around the world.
Located in Nieuw-Vennep, The Netherlands, RHPS is a manufacturer of high-quality pressure regulator products used mostly in oil and gas, chemical/petrochemical, alternative fuels, semiconductor, biopharmaceutical and other demanding applications. Terms of the purchase were not disclosed.
"We are excited to welcome the RHPS team to Swagelok," said Arthur F. Anton, Swagelok president and chief executive officer. "We think the two cultures are a natural fit and have similar values including the passion to truly understand the needs of our customers and act on them."
For more than 20 years, RHPS has been designing and manufacturing a range of relief valves, back-pressure and pressure reducing regulator products. "The RHPS acquisition allows us to offer a more robust regulator portfolio," continued Anton.