Cameron will form a joint venture with the owners of Newmans, whose product lines include Newco, OIC, Cooper, and Quadrosphere branded valves and services. The joint venture will continue operating as Newmans.
According to Mark Cordell, President of V&M's Distributed Valves division, Newmans is poised to become the industry leader in the downstream valve market. "Newmans offers the most complete line-up of gate, globe, and check products, in addition to newer offerings of ball valves and triple-offset butterfly valves. Additional assets include a strong manufacturing presence in China, a network of well-run and strategically located branches, and a growing list of customer approvals. Most importantly, we are drawn to the energy level, passion, and agility of the Newman’s global team of employees."
The team at Newmans expects to see tangible benefits through its affiliation with Cameron. Steve Mines, CEO of Newmans, stated, "We are very excited to be affiliated with a Fortune 500 Company and the world's leading valve manufacturer. Our team will benefit from Cameron's strength and expertise in the areas of strategic sourcing, manufacturing, quality, and engineering. Their global sales presence and aftermarket services are unparalleled."
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