GERMANY - Nord Holding sells Perrin to Kitz

Perrin produces ball valves for the use in production processes with high temperature and pressure areas, especially for the chemical and petro-chemical industries. The company would founded in 1900 and is based in Nidderau, with an additional site in Prenzlau.

Nord acquired the business in 2003, backing a management buyout from listed parent RHI and taking an 85% holding. Over the course of the investment the company's turnover has almost tripled to EUR 90m in 2009, while employee numbers have increased from 105 to 145. An international distribution network has also been established.

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