Flow International Corp. Completes Minority Investment in China's Leading Waterjet Manufacturer
Flow International Corporation (Kent, WA) announced that it has completed its $2 million purchase of a minority ownership position in Dardi International Corporation, China?s leading waterjet manufacturer. Privately held Dardi is the world leading waterjet supplier for the ?economy? segment…
Posted: January 16, 2009
Flow International Corporation (Kent, WA) announced that it has completed its $2 million purchase of a minority ownership position in Dardi International Corporation, China?s leading waterjet manufacturer.
Privately held Dardi is the world leading waterjet supplier for the ?economy? segment of the market, and the largest volume producer of waterjets in Asia with three factories located near Nanjing, China.
Flow announced its intent to purchase the minority position in November, having previously introduced Dardi as the new supplier of its economy segment product line. By establishing a minority equity position, Flow has formalized its relationship with Dardi.
?We believe this enhanced relationship with Dardi will improve access to Dardi?s low cost manufacturing, products and distribution base in China,? said Charley Brown, Flow?s President and CEO. ?We believe this small investment will enhance our competitive position in China and the rest of the world.?
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