FCX Performance (www.fcxperformance.com) completed the acquisition of RVS Controls & Instrumentation, a distributor of process control instrumentation, serving industrial customers in eastern Pennsylvania, southern New Jersey, Delaware, Maryland and Washington D.C.
The combination is expected to allow FCX Performance to expand the range of products currently offered in this market through its Sewell, NJ branch. Together, FCX and RVS represent combined sales of $120 million, 15 offices serving 21 states, and over 190 employees.
“Our combined resources in this important marketplace will provide an efficient outlet to market for our key vendors and provide our customers with one-stop shopping capabilities for flow control products,” said Charles M. Simon, president and CEO, in a prepared statement. “The acquisition expands our geographic reach and will enable us to maintain and grow our leadership positions in the various markets that we presently serve.”