Jan 21, 2014
CID Capital partners with Strahman Valves, Inc.
CID Capital is proud to announce that it has partnered with Strahman Valves, Inc., a Bethlehem, Pennsylvania, based manufacturer of industry leading wash down equipment and highly engineered specialized industrial process valves. Founded in 1921 by Theodore and Herman Strahman, the Company started as a distributor of European industrial products in the U.S. market. As the Company grew, the Strahmans began designing and manufacturing their own line of valve products including piston sampling and drain valves. A few years later, a complete line of high-quality wash down equipment was added to the product mix. In 2004, the Company entered the custom-designed fabricated valve market through the acquisition of MG Process Valves in Mery, France. Today, Strahman products remain the premier standard for numerous industrial and commercial applications including the refinery, chemical, petrochemical, oil/gas, mining, pulp and paper, polymer, pharmaceuticals, food processing and service, beverage and dairy industries. CID worked closely with the shareholders and the management team to achieve their goals. Augie Percoco, President and CEO of Strahman, commented "We met with several private equity firms to identify a new owner that would provide the necessary financial and strategic support needed to continue the growth of the Company. CID emerged as just the right partner to help Strahman move to the next level and increase value to customers and shareholders." John Aplin, Managing Director at CID Capital, added "Strahman's reputation for quality products and timely service has made them a leader in all of their markets. The management team has generated impressive growth and outstanding financial performance. We are extremely pleased to be partnering with Augie Percoco and his team." For more information about Strahman Valves, please contact Adam Bolerjack.
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