Swagelok buys IPT
SOLON, Ohio -- Swagelok Company has announced that it has acquired the assets of Innovative Pressure Technologies (IPT) as part of its strategy to broaden the company’s offering of products and services for fluid system technology customers.
Located in Erie, Pa., IPT is a manufacturer of quality high- and medium-pressure and sub-sea valves, fittings and fluid control devices used mostly in oil and gas, chemical/petrochemical, waterjet cutting, automotive, water blasting and other demanding applications. Terms of the purchase were not disclosed.
"We are excited to welcome the IPT team to Swagelok," said Arthur F. Anton, president and chief executive officer, Swagelok Company. "These products will help meet customer demands for using higher pressures in their applications. For years, IPT has been designing and manufacturing a range of ball, needle, check, relief, high-pressure and subsea valve products. The IPT acquisition allows us to offer a more robust valve portfolio."
Headquartered in Solon, Ohio, U.S.A., Swagelok Company is a developer and provider of fluid system solutions, including products, assemblies, and services for the research, instrumentation, pharmaceutical, oil and gas, power, petrochemical, alternative fuels, and semiconductor industries.