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First Reserve agreed to buy Weir Flow Control, a maker of engineered valves and pumps, from The Weir Group PLC in a £275 million deal. Closing is expected in the second quarter of 2019, subject to antitrust approvals.
Chris Toncheff joined Weir Flow Control as vice president of sales and marketing, reporting to the divisional president, announced October 4, 2017.
Weir Flow Control won an order from SMOP, the EPC contractor, for 132 pressure relief valves and 130 control and choke valves for Maersk Oil's Culzean gas field in the UK North Sea. The valves will be made at Weir plants in Elland, UK and Vendin-le-Vieil, France. The announcement was made on 20 March 2017.
