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Industry News
Flow invests in Chinese waterjet manufacturer

Waterjet manufacturer Flow International has completed a $2 million purchase of a minority ownership position in Dardi International Corp., based in Nanjing, China.

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Posted on: 1/12/2009
Source: CompositesWorld

Flow International Corp. (Kent, Wash.), a developer and manufacturer of industrial waterjet machines for cutting and cleaning applications, announced on Jan. 5 that it has completed its $2 million purchase of a minority ownership position in Dardi International Corp., a Chinese waterjet manufacturer.

Privately held Dardi is a waterjet supplier for the “economy” segment of the market, and the largest volume producer of waterjets in Asia with three factories located near Nanjing, China. Flow announced its intent to purchase the minority position in November 2008, having previously introduced Dardi as the new supplier of its economy segment product line. By establishing a minority equity position, Flow has formalized its relationship with Dardi.

“We believe this enhanced relationship with Dardi will improve access to Dardi’s low cost manufacturing, products and distribution base in China,” said Charley Brown, Flow’s president and CEO.  “We believe this small investment will enhance our competitive position in China and the rest of the world.”

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