Cavagna Group Acquires Valve and Regulator Assets of Privately-Owned Turkish company

Ponte San Marco, ITALY (January 26, 2017) – The Cavagna Group recently announced it has finalized the acquisition of a business line of LPG valves and regulators by purchasing DVR’s assets, a Turkish privately-owned company based in Istanbul (Turkey), part of the ALTEK GROUP.

Established in 1971, the DVR company has been delivering a wide range of LPG products including Self Closing Valves, Hand Wheel Operated Valves, Camping Cylinder Valves and Regulators for LPG to customers in mainly Turkey, Africa and Europe.

Earlier this year the assets will be transferred from Turkey and installed in one of Cavagna’s plants in order to take advantage of Cavagna’s industrial synergy. In this way, these products could be manufactured with maximum efficiency and marketed throughout the Cavagna’s own international network.

Due to this acquisition the Cavagna Group will enlarge its LPG business platform that would help a further development of its global business and strengthen the operation services for most recognized LPG distribution companies. In this regard, Davide Cavagna, CEO of the Cavagna Group, commented, “This transaction speeds up the growth process of the Cavagna Group. In fact, we can aim for a further consolidation of our LPG Valves and Equipment Division in order to provide a unique value to customers, ensuring that the company remains at the forefront of the global gas business. 

About DVR Group:

DVR , with extensive knowledge and expertise since 1971 , is among the leading producers of Self Closing Valves, Hand Wheel Operated Valves, Camping Cylinder Valves and Regulators for LPG. 

Its facility is located near Istanbul, Turkey. DVR is part of ALTEK GROUP a well-known zinc and copper alloys producer. 

About Cavagna Group:

The Cavagna Group has been supplying industries and consumers worldwide since 1949, and is a leading manufacturer of equipment and fittings for compressed gases, gas storage and gas control. The Cavagna Group offers a complete line of reliable products in the sector, as well as the dynamic services. Both the experience and reliability of the Group’s product range have led to long-lasting partnerships with virtually all major oil/gas companies, in addition to producers of compressed gas containers and gas appliance OEMs. The Cavagna Group employs approximately 1,000 people worldwide. The Group is made up of nine vertically integrated production companies in Italy and nine other companies spread out across five continents. With a distribution network consisting of an additional fifteen fully-owned distribution companies, the Cavagna Group now sells its products in more than 145 countries worldwide.