Addition Expands Portfolio in Medical Gas Regulator Market
ST. LOUIS, MO – (January 31, 2022) – Control Devices, LLC, a portfolio company of HBM Holdings, announced today it has acquired the medical gas regulator product line of Essex Industries. Control Devices, founded in 1963, is a leading designer and manufacturer of highly engineered flow-control products utilized in niche applications across a diverse array of end markets.
The acquisition expands Control Devices’ portfolio in the medical gas regulator space. Essex Industries, an engineered products manufacturer, focused on aerospace and defense, has designed and commercialized medical gas regulators for patients requiring respiratory therapy in residential care facilities, hospitals, and clinics. For decades, their products have been the industry standard for reliability, durability, and precise delivery of medical gases. Essex regulators are the preferred products for major OEMs and gas companies worldwide.
The Essex Industries medical gas regulator product line will be marketed under the Control Devices brand going forward.
“For more than 50 years, Control Devices has been trusted to deliver solutions to their customers’ application-specific challenges. The company has a long history of demonstrated engineering expertise with an in-house engineering team, diverse markets served, and a reputation for outstanding quality,” Scott Kerns, Control Devices CEO, commented. “We are excited to add an industry leader to our portfolio.”
“Essex Industries remains focused on its aerospace and defense core and will continue to prioritize growth in this sector,” said Evan Waldman, Essex Industries CEO.” “I am excited to see Control Devices enhance the medical gas regulator product line and build on its success.”
Terms of the transaction were not disclosed.
ABOUT CONTROL DEVICES
Control Devices, founded in 1963 and headquartered in Fenton, MO, is a leading designer and manufacturer of engineered flow control solutions in the gas, air and liquid markets. Control Devices offers customized and standard valves, condensate traps, refrigerant distributors, and other products that serve as critical components in end-product applications, including medical systems, air compressors, fire suppression systems, and specialty gas HVACR, and heavy truck braking systems.
For more information, visit https://www.cdivalve.com/
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