Flowserve Divested Davies & Baird

More Information See Transaction

Flowserve has sold Davies & Baird to Davies Baird Pty Ltd

TARGET: Davies & Baird Australian specialty castings foundry business
TRANSACTION TYPE: Corporate Divestiture
INDUSTRIES: Pumps & Valves, Mining, Rail, and Transportation, among others
GEOGRAPHY: Australia

SITUATION

Seale & Associates was engaged by Flowserve Corporation to advise on the divestiture of its Davies & Baird Australian specialty castings foundry business to Davies Baird Pty Ltd, a sister company of Quality Castings Pty Ltd.

OUTCOME

Davies & Baird, headquartered in Melbourne, Australia, manufactures ferrous castings up to 5.5 tons for high-specification, engineered applications and specializes in the supply of complex castings to the pump, valve, mining, rail, transportation and other industries.

The business sells products into the domestic Australian market and exports products to New Zealand, North America, Southeast Asia, Japan and Europe.

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