UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 16, 2010
FLOWSERVE CORPORATION
(Exact Name of Registrant as Specified in its Charter)
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| New York
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1-13179
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31-0267900 |
| (State or Other Jurisdiction
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(Commission File Number)
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(IRS Employer |
| of Incorporation)
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Identification No.) |
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| 5215 N. O’Connor Blvd., Suite 2300, Irving, Texas
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75039 |
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(Zip Code) |
(972) 443-6500
(Registrant’s telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 8.01 Other Events.
On July 16, 2010, Flowserve Corporation, a New York corporation (the “Company”), issued a
press release announcing the Company’s acquisition of Valbart Srl, a privately owned Italian
manufacturer of trunnion-mounted ball valves used primarily in the oil and gas industry. Valbart
was acquired in a cash transaction valued at approximately €156 million, which value includes
approximately €25 million of existing Valbart net debt that was repaid at closing. The Company
funded the transaction proceeds with cash on hand. The other terms of the acquisition have not
been disclosed.
Valbart, formed in 2003 and headquartered in Mezzago, Italy, specializes in the design,
development and manufacture of a comprehensive range of API 6A and API 6D trunnion-mounted ball
valves in split-body, all-welded and top-entry configurations, which are predominantly used in
upstream and midstream oil and gas applications.
A copy of the press release referenced above is included with this Current Report on Form 8-K
as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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| Exhibit No. |
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Description |
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99.1
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Press Release, dated July 16, 2010. |