Stroud-based
LB
Bentley
designs
and
manufactures
small
bore
subsea
valves
for
as
well
as
high-pressure
filters
and
desiccant
dryers.
Its
key
market
is
in
patented
valves,
including
rotary
gate
valves,
for
Christmas
tree
and
wellhead
applications,
with
expected
total
revenues
of
$34.52
million
this
year.
Gloucester-headquartered
Severn
Glocon
Group
said
the
friendly
acquisition
would
see
it
acquire
LB
Bentley’s
intellectual
property
rights
and
its
60,000-square
foot
facility
in
Stroud,
Gloucestershire.
LB
Bentley
will
operate
as
a
standalone
division
within
Severn
Glocon
Group,
with
LB
Bentley’s
154
staff
and
management
staying
on
after
the
deal.
Severn
Glocon
Group
is
a
major
manufacturer
of
specialised…
