
The deal is complementary to Baker Hughes’ existing control valve and high-pressure relief valve offerings, the company said June 16. (Source: Shutterstock)
Baker Hughes announced plans to acquire pressure management solutions provider Continental Disc Corp. for $540 million from investment partnerships managed by Tinicum Inc.
The deal is complementary to Baker Hughes’ existing control valve and high-pressure relief valve offerings, the company said June 16.
Continental Disc designs and manufactures safety products, including rupture discs, rupture disc holders, burst disc indicators, pressure- and vacuum-relief valves and flame and detonation arrestors. The offerings are used by a variety of industries besides oil and gas, including aerospace, chemical, pharmaceutical and food and beverage.
The transaction comes as Baker Hughes optimizes its portfolio. The company agreed to sell its precision sensors and instrumentation line (PSI) last week to industrial products company Crane Co. for $1.15 billion. The company is also selling a controlling interest in its surface pressure control (SPC) business for $344.5 million to Cactus Inc.
“Together with the recently announced SPC and PSI transactions, this acquisition sets the blueprint for our portfolio optimization strategy – focused on driving higher returns and creating long-term value for our shareholders,” Baker Hughes Chairman and CEO Lorenzo Simonelli said.
The all-cash transaction is expected to close in the fourth quarter of 2025 and remains subject to regulatory approvals.
Jefferies is serving as financial adviser and King and Spalding is serving as legal adviser for Baker Hughes on the transaction. William Blair & Co. and Baird are serving as financial advisers and Morrison Foerster is serving as legal adviser to the board of Continental Disc Corp.
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