CIRCOR Honored by Frost & Sullivan with Leadership Award
Brazilian Energy Subsidiary Receives 2011 Brazil Market Share Leadership Award for Industrial Valves in the Sugarcane & Ethanol Sector
BURLINGTON, Mass.--(BUSINESS WIRE)-- CIRCOR International, Inc. (NYSE: CIR), a leading provider of valves and other highly engineered products for the industrial, aerospace and energy markets, today announced that a subsidiary of its Energy business, Válvulas S.F. Indústria e Comércio Ltda. ("SF Valves"), received the Market Share Leadership Award for Industrial Valves in the Sugarcane & Ethanol Sector from Frost & Sullivan. SF Valves, a Brazil-based manufacturer of valves for the energy market, was acquired by CIRCOR (CIR) in February 2011 and enables the Company to significantly increase its presence in the large and growing Brazilian energy market.
This award serves as a testament to the high standards we maintain for all of CIRCORs businesses, said Bill Higgins , Chairman and Chief Executive Officer. SF Valves is well-known for fulfilling its customers needs and providing high-performance products at a competitive cost in diverse industry sectors, such as Ethanol, Petrochemical, Oil & Gas and Industrial Equipment. Congratulations to General Manager Rogério Amarello and the entire SF Valves team on receiving this Market Share Leadership Award from Frost & Sullivan.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About CIRCOR International, Inc.
CIRCOR International, Inc. designs, manufactures and markets valves and other highly engineered products for the industrial, aerospace and energy markets. With more than 7,000 customers in over 100 countries, CIRCOR has a diversified product portfolio with recognized, market-leading brands. CIRCORs culture, built on the CIRCOR Business System, is defined by the Companys commitment to attracting, developing and retaining the best talent and pursuing continuous improvement in all aspects of its business and operations. The Companys strategy includes growing organically by investing in new, differentiated products; adding value to component products; and increasing the development of mission-critical subsystems and solutions. CIRCOR also plans to leverage its strong balance sheet to acquire strategically complementary businesses. For more information, visit the Companys investor relations web site at http://investors.circor.com.
Frederic M. Burditt, 781-270-1200
Chief Financial Officer
Source: CIRCOR International, Inc.Copyright Business Wire 2012