- Carve-Out from Curtiss-Wright Corporation
- Liberta looks forward to continuing this growth with Phönix
Munich, Germany / Volkmarsen, Germany, 31st January 2022 – Liberta Partners (“Liberta”), a Munich based Multi-Family-Holding, today announces the acquisition of a majority stake in CWFC Phönix Group GmbH (“Phönix” or “the Company”) including the well-known brands Phönix, Strack, Solent & Pratt and Daume. The Company, based in Volkmarsen, Germany, is a specialist in manufacturing bellows sealed globe valves for a safe handling of dangerous, highly toxic, flammable, and expensive media. Its products distinguish themselves by their extremely high quality and safety standards.
Liberta Partners acquired the shares from the Curtiss-Wright Corporation (“Curtiss-Wright”), as part of a corporate carve-out after a strategic decision of Curtiss-Wright to focus on defence. The current management team around Peter Varwijk, CEO of Phönix, Gunter Wodara, CTO, and Stefan Zubrod, CFO, will continue to lead Phönix. To further expand the Company’s product range and make it more innovative they will be supported by Liberta Partners’ corporate development team and long-established experts from the industry.
Phönix is a leading manufacturer of high-quality valves for chemical, petrochemical, nuclear and conventional power plants as well as the oil & gas industry. The Company has a manufacturing capacity of 30.000 valves per annum. Its products are “high-mix/low-volume” and are designed for applications in severe and extreme environments in chemical plants, refineries, and nuclear power plants. They are characterized by a resistance against high temperatures, high pressures, and corrosive substances. The Company assists its clients with its in-house engineering and longstanding application expertise.
Peter Varwijk, CEO of Phönix, said, “We welcome Liberta Partners as a new partner and see this as a significant step in the further development of the Company. Liberta Partners’ extensive industrial and operational experience, financial strength and extended platform will support our continuous focus on new product development with our own R&D team and to meet changing industry requirements. We are convinced that Liberta Partners is the right partner to help us lead innovation and drive new applications. “
Florian Korp and Dr. Christian Szczesny, both Partners at Liberta Partners, added, “We look forward to working with the management team to further develop highest quality valves, which is the key goal of Phönix. We see further promising end-industries within renewable energy and hydrogen. Phönix has significant potential to grow, and we will provide the operational and financial resources to help the Company excel its targets.”
Curtiss-Wright Corporation is an innovative engineering company that provides highly engineered, critical-function products, systems, and services in the areas of flow control, motion control and surface treatment technologies to the defense, energy and commercial/industrial markets. The legacy company of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of design and manufacturing innovation and prides itself on long-standing customer relationships. The company employs approximately 9,700 people worldwide.
For more information, please visit www.curtisswright.com.
About Phönix Group
The Phönix Group supplies the chemical industry, Oil & Gas industry, nuclear and conventional power plants all over the world with high-quality special valves in all standards (DIN EN, ANSI, ASME, etc.). Numerous product and system certifications ensure optimal safety and reliability of Phönix valves. Phönix Group is a global technological leader in the field of bellows sealed valves. The product range also includes globe valves, gate valves, control valves, measurement line valves, change-over valves, check valves, screen basket filters, high-pressure valves as well a wide range of special valves such as alkylation valves and safety valves for the aerospace industry. State-of-art processing technology, highly qualified employees, ongoing cooperation with international standards organizations, sales offices in important markets and subsidiaries in France and the USA ensure a high level of customer support.
For more information, please visit: www.cw-valvegroup.com/About/phonix
About Liberta Partners
Liberta Partners is a multi-family holding based in Munich. Liberta Partners invests in companies predominately based in German-speaking countries with clear operational and strategic development potential, in particular corporate carve-outs and successions. We actively develop our investments within the framework of our long-term “100% Core & Care” concept. Our portfolio companies thus benefit from Liberta Partners’ innovative entrepreneurial experience. The Liberta Partners team consists of professionals covering the areas of M&A, Corporate Development and Legal as well as an active advisory board.
For more information, please visit: www.liberta-partners.com
+49 89 620 978 269