CHICAGO (July 1, 10:50 a.m. EDT) — Liquid Control Corp. has acquired Liquid Control Ltd. to unite the two dispensing equipment makers and establish a stronger European base for the corporation.
The purchase, for an undisclosed amount, gives Liquid Control Corp. another plant, greater technology and additional products. It also provides more design, assembly, testing, service and support capabilities, said William C. Schiltz, the North Canton, Ohio-based firm's chairman and chief executive officer.
Liquid Control Corp., which produces equipment for urethane and silicone processing, was formed in the United States in 1975 after the firm received a manufacturing license for a dispensing valve from Wellingborough, England-based Liquid Control Ltd. The patented PosiDot valve, which features low-volume, positive-displacement metering of resin and hardener components directly to disposable motionless Posimixers, became the company's flagship product.
Despite similar names, the firms have no other ties and operated for 30 years under separate ownership.
Schiltz became aware Liquid Control Ltd. would be available a few years ago when its primary owner and managing director, David Valentin, indicated he planned to retire and sell the business. Schiltz figured the consolidation of the firms would give both a stronger presence globally and began exploring that possibility, leading to the recent deal.
The acquisition gives the corporation greater access to the European and Asian markets, he said. Its worldwide headquarters will remain in North Canton.
While Valentin, who spent 25 years with the Wellingborough company, is retiring, he will remain with Liquid Control as a consultant for a year. Employees at the two locations are expected to stay, with some modifications of responsibilities due to Valentin's retirement. More jobs may be created because of increased activity from the expanded product offerings.