# IDC-funded empowerment deal upgrades Ainsworth Engineering and United Valve Company

Through an IDC-funded initiative, valve makers Ainsworth Engineering and United Valve Company will be upgraded to Level 1 B-BBEE status under new ownership, with new machines to be bought over 12 months.

- Type: Investment
- Announced: 2018-08-10
- Where: Gauteng, South Africa
- Status: announced
- Products: resilient seal valves, knife gate valves, butterfly valves, triple offset metal-seated butterfly valves, slurry valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Ainsworth Engineering](https://endata.com/companies/3718.md)
- [United Valve Company](https://endata.com/companies/3719.md)
- [Industrial Development Corporation](https://endata.com/companies/3720.md) (investor)

## Sources

- [engineeringnews.co.za](https://www.engineeringnews.co.za/article/idc-facilitates-empowerment-initiative-in-valves-sector-2018-08-10), 2018-08-10: "Various new machines will be bought and upgraded over the next 12 months to improve the output of the company."
- [miningweekly.com](https://www.miningweekly.com/article/idc-facilitates-empowerment-initiative-in-valves-sector-2018-08-10/page:6), 2018-08-10: "Through an initiative funded by the Industrial Development Corporation (IDC), valves manufacturer Ainsworth Engineering and its sister company United Valve Company (UVC) will, under new ownership, be upgraded to Level 1 broad-based black economic- empowerment status."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.