ITT acquires Canberra Pumps in Brazil

ITT Corp. has acquired Canberra Pumps do Brasil, expanding the company’s pump manufacturing presence in the Latin America region. Canberra Pumps has an installed base of 20,000 pumps serving customers in the chemical, pulp and paper, and general industry pump markets. Financial terms of the transaction were not disclosed.

The acquisition builds on ITT Corporation’s long business experience in Brazil, where its products are used to meet the needs of the growing industrial base, as well as the need for fresh water and for treating wastewater.

“Canberra, with its large installed base and strong reputation in the industrial process market, is a great complement to our existing footprint in Brazil, and will bolster our $3.4 billion global fluid technology portfolio,” said Gretchen McClain, president of ITT Fluid and Motion Control. “This acquisition is another example of ITT’s strategy to build upon our core businesses and use our strong financial position to expand in growing global economies like Brazil.”

“Our acquisition of Canberra will support ITT’s expansion in Brazil’s oil, gas and mining industries that demand dependable heavy-duty pumps and valves. In addition, we will introduce ITT’s leading-edge technology to Canberra’s existing product portfolio to better serve the Brazilian customer base,” said Bob Pagano, president of ITT’s Industrial Process (IP) business.

Canberra operates a manufacturing facility in Salto, Sao Paulo State, employing 90 people. The company generated approximately $10 million in revenues in 2009. 

 

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