Flow Acquires Stake In Chinese Waterjet Builder
Waterjet manufacturer Flow International has completed a $2 million purchase of a minority ownership position in Dardi International Corporation, China’s leading waterjet manufacturer. Privately held Dardi is the largest-volume waterjet producer in Asia and has three factories located near Nanjing. Flow announced its intent to purchase the minority position in November after introducing Dardi as the new supplier of its economy segment product line.
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Phillips Corporation
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View MoreWaterjet manufacturer Flow International has completed a $2 million purchase of a minority ownership position in Dardi International Corporation, China’s leading waterjet manufacturer. Privately held Dardi is the largest-volume waterjet producer in Asia and has three factories located near Nanjing.
Flow announced its intent to purchase the minority position in November after introducing Dardi as the new supplier of its economy segment product line. The company says the now-formalized relationship will improve access to Dardi’s low-cost products and distribution base in China and enhance Flow’s competitive position.
