Motion Equity Partners has reaffirmed its commitment to the fight against climate change by signing the Initiative Climate (iC20)

12 February 2019

Motion Equity Partners has reaffirmed its commitment to fight against climate change with the decision to sign the Initiative Climate 2020 (iC20).

iC20 is an initiative from the French private equity industry to support the monitoring and reduction of greenhouse gas emissions to limit global warming to two degrees Celsius, in line with COP21 objectives.

Motion Equity Partners thus engages in a long-term approach to reduce greenhouse gas emissions of its portfolio companies and secure sustainable performance by including the materiality of this issue. Concretely, this will translate in the annual assessment of each portfolio company’s carbon footprint, with the dual objective of being able to monitor their evolution over time (and reduce it) and to raise awareness from Management teams on these issues.

« As majority or reference shareholder, Motion Equity Partners must actively support its portfolio companies in the reduction of their impact on climate. Our iC20 commitment formalises the integration of climate change stakes in our investment approach » stated Patrick Eisenchteter, Managing Partner at Motion Equity Partners.

The full version of the iC20 Charter can be downloaded here

Motion Equity Partners is a signatory of the United Nation’s Principles for Responsible Investment, and of the Charter of Commitments for Investors in Growth of the French Private Equity Association (France Invest, ex-AFIC).

Altaïr Group is the winner of the CFNews 2018 External Growth Award and announces the strengthening of its Management team

08 June 2018

Paris, June 8th  2018 – This prize, rewarding the acquisition of the Spanish company Quimicas Oro completed in November 2017, was awarded to Altaïr Group during a celebration which took place on May 31st , 2018 in front of more than 450 company officers and corporate finance professionals (investors, lawyers, counsellors and M&A advisors).

Each year, the CFNews jury selects a set of French companies who stand apart, within their respective categories, thanks to their outstanding external growth track record.

Winners are selected by a jury composed of CM-CIC Investissement, Deloitte, CMS Francis Lefebvre Avocats, Alantra, Advention Business Partners, Neuflize OBC, Donnelley Financial Solutions and Gordon S. Blair.

“We are very proud to receive the External Growth CFNews award, it rewards a strategic operation and a major step in the development of Altaïr Group. Quimicas Oro’s acquisition allows us to reach a critical size in Spain and offers significant synergies potential. Since the completion of the acquisition, our teams have been working on the industrial optimization and the commercial development of the new Group. This acquisition is also the opportunity to optimize our industrial tool and to reinforce our Top Management team, which is necessary for both the proper integration of Quimicas Oro and to prepare the future acquisitions”, said Jean-Pierre Dano, CEO of Altaïr.

“The acquisition of Quimicas Oro is a key step for Altaïr since it is its first transforming acquisition, let alone the first out of France. It is the result of an intensive work alongside Altaïr’s Management team on the M&A front since we invested two years ago in Altaïr. Alongside the integration of Quimicas Oro in the Group, we have sharpened the Group’s M&A strategy and we are actively looking for new opportunities in Europe on the household care and insecticides markets”, stated Patrick Eisenchteter, Managing Partner at Motion Equity Partners.

Based in Wasquehal near Lille, Altaïr Group is now a major player in the manufacturing and marketing of home care, cleaning products and insecticides in Europe. The Group’s offer, which counts more than 3,500 SKUs for a turnover exceeding 110 million euros, is built around four brands leader in their segment:

  • Starwax: household care;
  • Kapo: insecticides;
  • Sinto: wood care;
  • Oro: insecticides, cleaning and household care.

The Group has a premium industrial tool with two main production sites in Noyelles-lès-Seclin near Lille in France and in Valencia in Spain.

Quimicas Oro was acquired on November 10th, 2017 from its founding family. Founded in 1955 and based in Valencia, Spain, Quimicas Oro is a Spanish company specialized in the production and distribution of insecticides, detergents and cleaning products, under its “oro” brand. A regional leader in Iberia, where it generates c.60% of its sales, Quimicas Oro’s products are distributed in national and regional chains and traditional drugstores in the region. The Company is also present in Northern and Western Africa, with total exports representing 40% of sales. Quimicas Oro counts about 100 employees and generates a turnover of over 40 million euros.

In order to support Quimicas Oro’s integration and the step-change of the Group which became a major European leader, Altaïr decided to strengthen its Top Management team with the hiring of Etienne Sacilotto (ex-Spotless) as General Manager and Julien Delesalle (ex-Datawords) as Group CFO.

Etienne Sacilotto, 53, is a consumer brands specialist. After 30 years in top management positions as Marketing Director and Vice-President in consumer goods leaders such as Unilever, he joined Spotless Group – a producer of care products and insecticides today owned by Henkel – in 2010 as Vice-President responsible for the Marketing and the International Development. At Spotless (at that time owned by private equity firm BC Partners), he contributed in restoring the Group’s growth by completing 4 strategic acquisitions and by accelerating its international development.

Julien Delesalle, 41, began his career within Bel Group in 2006 after a first experience as an auditor at EY. In 2009, he was promoted CFO of Bel Group’s Ukraine subsidiary. In 2012, he joined Datawords – an international provider of digital services – as Group CFO. At Datawords (which was owned by private equity firm Capzanine, and then by Keensight and Cathay Capital), he organized the Finance Department and supported the international growth of the Group by opening several subsidiaries in foreign countries. He also completed several external growth operations.

These recruitments should further enable the international development of Altaïr Group through external growth. The Group is actively looking for new external growth opportunities, mainly in France, Germany, Benelux, Italy, Poland and the United Kingdom, targeting strong brands of care products and insecticides.

Funds advised by Motion have acquired Holweg Weber, world leader in solutions dedicated to the manufacturing of paper packaging

30 May 2018

Paris, May 30th 2018 – Motion Equity Partners, a French independent mid-cap private equity firm announced today the acquisition of Holweg Weber from Azulis Capital and co-investors. Holweg Weber is the leading global player specialized in the design, development and assembly of solutions dedicated to the manufacturing of paper bags. Management will reinvest alongside Motion and Arkéa Capital (Strasbourg office) in the deal.

Holweg Weber is the result of the consolidation of 2 historical players, Holweg and H.G. Weber, specialized in the design, development and assembly of solutions dedicated to the manufacturing of paper bags & paper sheets. With more than 100 years of business experience in paper bag making machinery, the Group has a historical global leadership in several dynamic sub-markets such as take away, bakery and non-food bags.

The Group oversees every step of the paper bag solutions value chain, from engineering through manufacturing and aftersales services. Holweg Weber provides its clients with a wide range of premium production lines (including flat and square bottom paper bag making machines) and maintenance services. Holweg Weber has a broad and diversified customer base, whose ultimate clients are positioned in resilient and dynamic industries.

The Group operates four entities including two main assembly sites in Molsheim (Alsace, France) and Kiel (Wisconsin, USA), and two subsidiaries in Spain and Germany. Headquartered in Molsheim, the Group is managed by Vincent Schalck in France and Mike Odom in the USA, and has 180 employees. Its turnover reached €50m in 2017 (more than 95% originating outside France).

After successfully leading the spin-off from DCM Group in 2012, Azulis and its co-investors have allowed Holweg Weber to position itself successfully as a leading global player of the paper bag machinery market. Under Azulis’s ownership, the Group has widened its offer through two acquisitions in Germany and Spain. Holweg Weber‘s next development phase will involve strengthening the Group’s market leadership by targeting strong growth opportunities in new geographical markets, continuing its emphasis on innovation and accelerating the service activity to reinforce its premium positioning. In particular, Holweg Weber will further expand its product range to seize new market opportunities and enlarge activity beyond current market, both organically and via acquisition.

“Holweg Weber is a longstanding player that has built leading positions thanks to its strong reputation in the packaging industry. The Group is a state-of-the-art machine producer and maintenance provider, operating in structurally growing niche markets, with significant remaining upsides and synergies. We are convinced that Holweg Weber is ideally positioned to benefit from the important growth prospects arising from the worldwide environmental awareness that is accelerating the shift from plastic to paper bags and long term structural growth of consumption in emerging countries.” said Cédric Rays, Partner at Motion Equity Partners. Jean-Lin Bergé, Director at Arkea Capital Strasbourg office stated: “I would like to thank Holweg-Weber Management and Motion Equity Partners team for their trust. Arkéa Capital is delighted to assist them in the implementation of the planned development plan.”

Vincent Schalck & Mike Odom, CEO of Holweg Weber, stated: “Motion Equity Partners quickly turned out to be the ideal partner to support Holweg Weber’s growth, thanks to its external growth expertise. Both our team and Motion’s team succeeded in creating a cohesive working atmosphere, which is a prerequisite for the success of the project. We thank Azulis, Unigrains and BNPP for their precious help in the Group restructuring after the spin-off from DCM.”

Pierre Jourdain, Managing Partner at Azulis Capital, on the exit: “Holweg Weber’s development perfectly illustrates the ability of a nimble SME managed by a dynamic team, to reach a global leading position in technical niche markets. We are proud of having enabled Holweg Weber’s teams to achieve their independence and having supported them in targeted acquisitions, giving them access to new technologies and strengthening their global leadership. With Motion’s support, we are convinced that the Group is well on track to pursue its growth on a structurally growing market.”

Funds Advised by Motion Equity Partners to acquire Laboratoire Equilibre Attitude from LFPI and co-investors

24 November 2017

Paris, November 24th 2017 Motion Equity Partners (« Motion »), an independent mid-market European private equity firm announced today that they had signed an agreement with LFPI Gestion (« LFPI ») and co-investors (Naxicap Partners and Omnes Capital) to acquire Laboratoire Equilibre Attitude (the « Group »). LFPI will also re-invest as minority shareholder to be part of the Group’s next development phase.

Headquartered in Vallauris (France), Equilibre Attitude is a French pharmaceutical laboratory specialised in food supplements distributed through pharmacies and para pharmacies. The Group was established by LFPI through the merger of Laboratoire des Granions (founded in 1948), Laboratoire Equilibre Attitude and Laboratoire Merle. As a result, the Group has a diversified portfolio of health supplements, drugs and sports nutrition products, with some key brands including “Granions” (oligotherapy, mono ingredient and health oriented nutritional supplements), “Chondrostéo” (the market leader in Joint Care food supplements) “Conceptio” (fertility and pregnancy related food supplements, with a pioneer position in  men fertility), “EAFit” (the French market leader in Sports Nutrition and Active Slimming products) and “Foucaud” (body care products with essential oils).

Laboratoire Equilibre Attitude distinguishes itself with a medical approach to food supplements, offering formulations supported by scientific evidence of effectiveness (AMM, clinical studies, patented ingredients, etc.). Laboratoire Equilibre Attitude’s R&D capacities and its “Pharma Grade” DNA allow to meet all of its customer needs. Products are either sold on prescription or OTC and are mainly distributed through pharmacies and para-pharmacies. The Group operates with 3 production and logistic sites: Vallauris (head office & logistic platform), Monaco (Laboratoires Granions) and Selles Saint-Denis in Sologne (Laboratoires Merle). The Group counts c.140 employees.

The development strategy carried out by LFPI and its co-investors over the past years has allowed Laboratoire Equilibre Attitude to position itself successfully as one of the key brands for the pharmacist but most importantly also for the consumer. Under LFPI’s ownership, Group has strengthened its in-house salesforce, developed organically a strong expertise in some segments, and accelerated its innovation process to seize emerging trends in its markets.

Laboratoire Equilibre Attitude‘s next development phase will involve strengthening its position in selective distribution and accelerating its digital strategy, taking advantage of its “Pharma Grade” DNA, its strong brands and the growth initiatives set up by LFPI over the past few years. Laboratoire Equilibre Attitude will further expand its product offering, both organically and via acquisition.

Motion Equity Partners has analysed this investment opportunity alongside Caelestys, company founded by Olivier Caix (former CEO of Diana Group under Motion Equity Partners’ ownership). He will join Laboratoire Equilibre Attitude as Chairman.

“We are very pleased to support Laboratoire Equilibre Attitude’s team in this next development phase” said Patrick Eisenchteter, Managing Partner at Motion Equity Partners. “Laboratoire Equilibre Attitude is a longstanding player that has established a leading position in selective distribution thanks to a diversified portfolio of brands with strong reputation. The Group is a robust and resilient platform operating in very dynamic markets, with many opportunities for growth and value creation. We are also looking forward to working again with Oliver Caix and his team.”

Olivier Lange, Managing Director at LFPI, on this operation “On the initiative of LFPI and Management, Laboratoire Equilibre Attitude has undergone a profound transformation over the recent years to become a unique player in the French nutritherapy market. The Group has increased in size fivefold and has gained leading positions in several market segments, benefiting from an internal salesforce of pharmaceutical delegates as well as medical representatives, numerous patents and AMM, a diversified portfolio of high-quality products and a strong innovation capacity. This steady growth has allowed several refinancing of the business for the benefit of its shareholders as well as growing the value of the business. We are particularly pleased to be further support Laboratoire Equilibre Attitude’s growth alongside MEP and Caelestys”

Olivier Caix, CEO and Founder of Caelestys “Laboratoire Equilibre Attitude relies on strong positions in dynamic segments, especially in Sports nutrition, and benefits from its scientific and pharmaceutical know-how. Together with Motion Equity Partners and the Management team, we are convinced of having the unique opportunity to build a major group in the field of dietary supplements, developing a pharmaceutical laboratory at the service of active nutrition. Our strategy will be to reinforce leadership positions on targeted segments, through organic growth and acquisitions, as well as accelerating international development thanks to these strengthened positions”.

Altaïr, supported by Funds advised by Motion Equity Partners since April 2016, announces the acquisition of Spanish company Quimicas Oro to strengthen its positions in Europe

15 November 2017

Paris, November 14th 2017 – Altaïr, supported by Funds advised by Motion Equity Partners since April 2016, is one of the leading manufacturers and marketers of home care and cleaning products in France.

Based in Wasquehal near Lille, Altaïr Group is a manufacturer and marketer of home care and cleaning products and insecticides distributed through specialized channels (DIY stores, drugstores, garden stores, etc.). The Group’s offer, which counts more than 1,000 SKUs and a turnover exceeding 70 million euros, is built around three brands, which are leaders in their segment: Starwax, Kapo and Sinto. The Group has two production sites in France, in Noyelles-lès-Seclin near Lille and in Aubagne.

Founded in 1955 and based in Valencia, Spain, Quimicas Oro is a Spanish company specialized in the production and distribution of insecticides, detergents and cleaning products, under its “ORO” brand. A regional leader in Iberia, where it generates c.60% of its sales, Quimicas Oro’s products are distributed in national and regional chains and traditional drugstores in the region. The Company is also present in Northern and Western Africa, with total Exports representing 40% of sales. Quimicas Oro employs approximately 100 staff and generates a turnover of over 40 million euros.

This new external growth operation follows the acquisition of Enteco, the historical distributor of Altaïr in Belgium (2 million euros turnover), completed in February this year.

With the acquisition of the Spanish group Quimicas Oro, which closed on November 10th, 2017, Altaïr significantly reinforces its activities to become a European leader in household products and insecticides with around 110 million euros of cumulated sales for around 370 employees.

This strategic operation is a major step in the development of the Altaïr Group. Quimicas Oro is a strong business very complementary to ours, both from a commercial and an industrial point of view. Many positive synergies are expected and I am convinced that this consolidation will strengthen the two groups, which have a lot to learn from one another. We are very excited to work even more closely with Quimicas Oro’s team on this promising growth project”, said Jean-Pierre Dano, President of Altaïr.

The acquisition of Quimicas Oro is a key step for Altaïr since it is its first transformative acquisition, and the first out of France. It is the result of intensive work alongside Altaïr’s Management team on the M&A front since we first invested a year and a half ago in Altaïr, and of almost a year of discussions with the shareholding family of Quimicas Oro, for which the relevance of the industrial project offered was key”, states Patrick Eisenchteter, Managing Partner at Motion Equity Partners.

Funds advised by Motion Equity Partners have acquired Minlay, a leading European player in dental prosthetic devices, in June 2017

06 June 2017

Paris, June 6th 2017 – Funds advised by Motion Equity Partners (« Motion »), an independent mid-market European private equity firm, have announced today the acquisition of Minlay (the « Group ») from its founder.

Minlay is a key European player in the dental prosthetic device manufacturing and distribution landscape. Positioned in the premium segment of the market, the Group’s offer addresses all the dentist’s needs, from fixed prosthetics (to replace one or several teeth) to removable devices (to replace several or even all teeth). Minlay’s prosthetic devices are manufactured using very high quality processes. The Group’s strong expertise and operational know-how enables it to meet the dentists’ highest expectations in terms of product and service quality.

The development strategy carried out by Management and its new majority shareholder will be based on both organic and external growth. To this end, Minlay will leverage its operational know-how and its comprehensive product offering in line with future market developments.

“We are very pleased to support Minlay’s team in this new growth phase” said Cédric Rays, Partner at Motion Equity Partners. “The Group enjoys a strong reputation within the dentistry community. It is a robust and resilient platform, with many opportunities for growth and value creation. We are convinced that the Group, led by a quality management team, is ideally positioned to seize these opportunities.”

Funds managed by Motion Equity Partners have acquired Omni-Pac Group, a European leader in the manufacturing of molded fiber poultry packaging products

12 December 2016

Megg Lux, supported by Funds advised by Motion Equity Partners since 2014, is the majority shareholder of the French group CDL, a European leader in the design and manufacturing of molded fiber packaging products.

Based in Allaire in Brittany, CDL is specialised in the manufacturing of egg trays. A major player in the poultry packaging sector, it also offers family packs and egg boxes to poultry cooperatives and distributors. In addition, the firm also offers medical and food packaging products. CDL has c.100 employees producing more than 830 million units per year, for approximately €40m of sales. The historical leader in the French market, CDL also operates in 40+ countries with exports representing c.2/3 of sales.

With the acquisition of Omni-Pac, Megg Lux will significantly strengthen its activity to become a major player in the molded fiber egg packaging market. The closing of the transaction is expected for late December 2016.

Founded in 1962, Omni-Pac is the German leader in the manufacturing and commercialization of molded fiber packaging products for the poultry (egg boxes), fruit and vegetables (trays), medical and agribusiness markets. Omni-Pac has approximately 400 employees, split between its Hamburg headquarters and its production facility in Elsfleth, near Bremen. The Group realises more than €50m of sales, mainly in Germany, but also in the Netherlands, Belgium and Northern-Europe where it achieves a significant part of its sales.

« Strong synergies and complementarities exist between the two companies, not only on their European coverage, but also on their product ranges and their industrial tools: by taking advantage of them, we will offer to our clients a new leading global solution on the molded fiber market. » states Renaud Malarre, Group CEO.

Following this transaction, Megg Lux will become a major European player in the molded fiber packaging egg market, with approximately €100m of combined sales.

« Combining CDL and Omni-Pac, respectively number 1 players in France and Germany, is highly beneficial not only for the Group’s clients, but also in the interest for both firms. We have now succeeded in convincing Omni-Pac’s historical shareholder of the strong rationale of our approach and are pleased to have completed this transaction. » states Cédric Rays, Partner at Motion Equity Partners.

Funds managed by Motion Equity Partners to sell Morrison Utility Services to First Reserve

21 July 2016

Funds advised by Motion Equity Partners today announced an agreement to sell Morrison Utility Servicesthe leading provider of utility infrastructure services in the United Kingdom, to First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy, including utilities.  Funds advised by Motion Equity Partners acquired MUS in March 2008 from Anglian Water Group, investing alongside Bregal Capital and Company management.

With history dating back to 1884, MUS is one of the UK’s leading providers of infrastructure services to utilities, operating in the electricity, gas, water and telecommunication sectors.  Operating under long-term contracts, MUS ensures that utilities’ infrastructure assets are continuously maintained, enhanced, expanded and renewed.  The company has nearly 4,000 direct employees, with a focus on training and development programs to enhance expertise and dependability. 

Commenting on today’s announcement, Charles Morrison, Chief Executive Officer at MUS, said, “MUS has provided high quality services for over 27 years, whilst developing successful and long term relationships with our clients. As an organisation we pride ourselves on the ability to deliver safety, innovation and a quality service placing our clients’ customers at the heart of our business. The growth opportunities in our markets are significant on the back of continued long term investment in the UK’s infrastructure.  We thank Bregal Capital and Motion Equity Partners for the great support they have provided to MUS since 2008 and very much look forward to forging a strong partnership with First Reserve during our next phase of growth.”

Patrick Eisenchteter, Managing Partner of Motion Equity Partners, commented, “It has been a pleasure supporting Charles and the team at MUS.  Since our investment in the company, the team has achieved a huge amount, established the business as a utility market leader in all its key sectors and successfully grown revenues to over £600 million.  This successful investment adds to our strong track record of working in partnership with management teams to create value.  We wish the team every success as they continue to grow their company.”

Jeff Quake and Neil Hartley, Managing Directors at First Reserve, commented, “We believe MUS’s experienced team has demonstrated an excellent track record of providing best-in-class service with strong alignment to the needs of their customers.  We are pleased to continue our model of partnering with what we believe are industry-leading management teams worldwide, and we look forward to supporting the company through a new phase of growth.”

MUS and its shareholders were advised on the transaction by DC Advisory, Marlborough Partners and Kaye Scholer; while the management team were advised by Wyvern Partners and Pinsent Masons. First Reserve was advised by Winchester Capital and Freshfields. Debt financing has been fully underwritten by HSBC and Societe Generale.

The transaction is subject to European Commission antitrust approval and is expected to close by November 2016.

Funds advised by Motion Equity Partners finalize the sale of Fairbanks to OPW, a subsidiary of Dover Corporation

27 May 2016

Paris, May 27th 2016 – Funds advised by Motion Equity Partners, an independent mid-market European private equity firm, announced today that they had sold Fairbanks, a global leader in providing fuel management services to the retail and commercial fueling industry, to OPW, a subsidiary of Dover Corporation. This transaction follows the first closing of the sale of Tokheim’s Dispensers and Systems businesses to OPW.

For more than 20 years, Fairbanks has been providing superior fuel management services to independent retailers, hypermarket chains and multi-national companies. In recent years, the company has increased its presence and now monitors circa 13,000 forecourts in more than 35 countries.

Fairbanks supplements OPW’s offer, a business within the Dover Corporation that recently acquired the Dispensers and Systems businesses of Tokheim from Motion Equity Partners. Fairbanks will continue to operate as a separate entity, while leveraging the capabilities of OPW and Tokheim.

OPW is recognized around the world as an end-to-end supplier of best-in-class equipment and solutions for the downstream petroleum sector, with manufacturing operations in North America, Europe, Brazil, China and India and sales offices around the world.

Together, as leaders in their respective fields, Fairbanks and OPW should create many new business opportunities. For Fairbanks, it means access to a vast industry network with many avenues for growth. OPW’s commitment to further develop Fairbanks, both in the UK and internationally, will help Fairbanks expand its global footprint. Fairbanks will bring a new dimension to OPW’s already comprehensive range of services, to continue to lead the way in delivering forecourt solutions worldwide.

Steve Jones, co-founder of Fairbanks, said: “Today’s announcement is an important milestone for Fairbanks as we join forces with OPW; the power of this major brand name will help to significantly boost our profile within the industry. This union promises an exciting future as we embark on the next stage of the Fairbanks journey.”

Antoine Soulier, newly appointed Managing Director of Fairbanks said: “Fairbanks is excited to join the OPW team. With its global footprint, OPW provides a great opportunity to expand Fairbanks’ products and services into new markets and regions.”

David Crouse, President of OPW said, “The acquisition of Fairbanks will expand OPW’s end-to-end solutions, providing our customers with integrated around-the-clock fuel monitoring and data analysis as an option within the larger OPW suite of products and services. By providing this additional capability, we can help customers detect and eliminate fuel loss, reduce operating costs, improve profitability and meet environmental and regulatory requirements. Protecting people and the environment is a key tenet for OPW, and we can further support that mission with the addition of Fairbanks.”

About Fairbanks:

For more than 20 years, Fairbanks Environmental Ltd. has been providing superior fuel management services to its customers. Fairbanks uses the power of real-time data to reduce fuel losses, lower operational costs and improve margins for fuel retailers. With customers in more than 35 countries and serving over 13,000 fuel stations, Fairbanks has nearly 200 employees with a global network of licensees providing a flexible, 24/7 service for independent retailers, hypermarket chains and multi-national companies.

Additional information available at: www.fairbanksglobal.com

About OPW:

OPW is a global leader in fluid handling, management, monitoring and control solutions for the safe and efficient handling and distribution of fuels and critical fluids. OPW designs and manufactures the industry’s most complete end-to-end fueling solutions for retail service stations and fleet fueling facilities, including fuel dispensers, payments systems, site automation, electronic tank gauge systems, fleet fuel control systems, car wash systems, piping and containment, access covers, and tank valves and fittings.  OPW also designs and manufacturers CNG, Hydrogen, and LPG nozzles and accessories, loading arms, valves and dry-break couplings, tank truck equipment, and rail car valves and equipment. OPW has nearly 4,000 employees with manufacturing operations in North America, Europe, Brazil, China and India and sales offices around the world. OPW is part of the Fluids segment of Dover (NYSE: DOV).

For more information, visit: www.opwglobal.com