industry update
Venturi Supply acquires Monumental Supply in Maryland
Venturi Supply has expanded its U . S . mid-Atlantic presence with the acquisition of Baltimorebased Monumental Supply Company , marking its first acquisition since the distribution group ’ s formation at the end of 2023 . Monumental , a single-location distributor of industrial pipe , valves , fittings , fire protection , and elevator supplies , has been in business since 1950 . Phoenix-based Venturi expects the addition to boost its range of industries and applications across the U . S ., including energy , infrastructure , industrial manufacturing , food and beverage processing , construction , mechanical , and fire protection systems . Venturi was formed by Dallas , TX-based private equity firm Trive Capital , which acquired and merged six industrial distributors . Prior to adding Monumental , Venturi ’ s footprint spanned 42 facilities in the U . S .
MGA in Brazil celebrates new plant completion
Metalúrgica Golden Art ( MGA ), a KITZ Group company in Brazil , has recently celebrated the completion of its new plant . The move aims to enhance the productivity of industrial ball valves for the Brazilian market and ensure a stable supply to KITZ customers , in line with KITZ ’ s global production structure based on the 1st Medium-Term Management Plan . The new facility , a 6,189-squaremetre building with a total area of 28,000 square metres , seeks to increase production capacity by 30 %. MGA continues to boost productivity and offer a faster supply of highquality products to its customers .
AVK Brasil supplies valves to development project
AVK Brasil is supplying valves to the “ Cerrado Project ,” the largest private investment in Brazil , which involves the construction of a new pulp mill by Suzano , a global leader in eucalyptus pulp production . The project aims to enhance production capacity by about 20 % while promoting sustainable development in the region . The plant is located in Mato Grosso do Sul , in the Cerrado biome , and the municipality of Ribas do Rio Pardo was chosen due to the expected low level of carbon emissions after the start of operation . Suzano ’ s social investment model focuses on operating in communities neighboring its operations , promoting economic and social development , strengthening citizenship , and encouraging socio-environmental education . The new plant will use gasification of biomass to replace fossil fuel in lime kilns , highlighting the company ’ s commitment to ecoefficiency and sustainability .
70 Valve World June 2024 www . valve-world . net