Original news was published on 3 July, 2014
For expansion into oil & gas market as well as beefing up nuclear operations
Westinghouse will purchase Mangiarotti, an Italy‑based manufacturer of components for the nuclear, oil and gas industries. Terms were not disclosed, although the sale is expected to be completed by early August.
Mangiarotti SpA was founded in 1930 as a manufacturer of explosives and is currently one of the 4 leading company she worldwide for the quality of production of pressure vessels and other large components used in refining, petrochemicals, chemicals, onshore/offshore oil & gas and power plants.
The acquisition will allow Westinghouse to expand its manufacturing capabilities into the oil & gas sector, as well as gaining a European site for nuclear components. Headquartered in Sedegliano, Mangiarotti has engineered, designed and manufactured a comprehensive line of products during its more than 80‑year history.
“Our continued successful manufacturing expansion like Mangiarotti allows us to be a broader global provider in all energy fields,” Westinghouse president and CEO Danny Roderick said in a statement.
Westinghouse will continue operations of Mangiarotti in the Monfalcone and Pannellia facilities, the company said, but did not mention Mangiarotti’s plant in San Giorgio di Nogaro.
*NEWS SOURCE
