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HEROSE has acquired a majority shareholding of 51% in Australian valve manufacturer Mack Valves, which has plants in Melbourne and Pune, India.
HEROSE Group has invested in Mack Valves following the conclusion of discussions to create a future industry-focused organisation. The announcement was made on 10 October 2017; no value was disclosed.
Herose Group and Mack Valves concluded discussions to create a joint venture company combining their industrial and cryogenic gas valves businesses. The agreement was revealed on 10 October 2017.