# IMI to acquire valve maker PBM for $85M

IMI plc announced the proposed acquisition of PBM Inc., a manufacturer of industrial valves and flow control products based in Irwin, Pennsylvania, for an enterprise value of $85 million. Closing is expected within two months.

- Type: Acquisition
- Announced: 2019-08-20
- Where: Irwin, Pennsylvania, United States
- Value: $85.0M
- Status: announced
- Products: industrial valves, flow control products
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [IMI plc](https://endata.com/companies/2552.md) (acquirer)
- [PBM Inc](https://endata.com/companies/5416.md) (target)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/imi--imi/proposed-acquisition-of-pbm-for-85m/5831796), 2019-08-20: "IMI announces the proposed acquisition of PBM Inc., ("PBM") for an enterprise value of $85m"

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