Kibbutz-based valve makers A.R.I. and Dorot, plus OCV of Oklahoma, were merged into Aquestia, owned 51% by MAT Holdings and 49% by Kibbutz Kfar Haruv. The deal was worth about $100 million in a stock exchange structure and was completed in June 2022.
Israeli kibbutz-based valve makers Dorot Command & Control and ARI Fluid Transmission completed a merger estimated at $100 million. MAT Holding will hold 51% of the merged company and Kfar Haruv 49%.
MAT Holding Group merged OCV Control Valves with Dorot Control Valves in Tulsa, Oklahoma, creating OCV Fluid Solutions, which serves waterworks, fire protection, aviation fueling and mining markets.
MAT Holding will invest 3 million euros in its Israeli subsidiary Dorot to raise production capacity by 30%, modernising the plant, expanding finished-goods storage by over 50% and upgrading the test bench.