Portersville Valve Company, LLC., and PRD Technologies, LLC. Announce Merger

FOR IMMEDIATE RELEASE

For more information, please contact:
Julie Bodine
Director of Global Marketing
jbodine@valv.com

October 15, 2013

Leaders in pressure relief technologies and services combine operations to grow market share in shale gas, process and power markets.

From their respective headquarters in Portersville, Pa., and Tallmadge, Ohio, Portersville Valve Company, LLC., and PRD Technologies LLC, have jointly announced their merger and plans for expansion with the goal of better servicing the existing customer base including the steel, refining, chemical, paper and coal fired power generation industries.

According to Todd Pozzuto, General Manager at Portersville Valve Company, the companies – both recognized leaders in pressure relief technologies and services – will continue all operations at their plants in Portersville, Tallmadge, Ohio and South Point Ohio.

“This merger provides existing and new customers with an expanded suite of products, diagnostic testing capabilities and repair services while optimizing technician and equipment utilization during routine maintenance and major turnarounds” explained Pozzuto. “The addition of PRD’s staff, principals and quality products provides expanded engineered sales capabilities across a broader customer base including the rapid growth upstream through midstream oil and gas markets.”

The General Manager of Portersville Valve for more than 30 years, Pozzuto will direct service operations for the merged companies. Mike Whitton, the General Manager of PRD Technologies, will lead the sales organization of the companies.

“By bringing our teams together, increasing our service offerings and sharing costs for administration, operations and sales, we have established a foundation for growth,” said Whitton. “In turn, we anticipate hiring more people in the future.”

Pozzuto and Whitton added that their short-term objectives include increasing sales on new valves and pressure relief devices from Continental Disc, Groth Products, Farris Engineering and ValvTechnologies as well as master service agreements for DOT pipeline services.

About Portersville Valve
Headquartered in western Pennsylvania, Portersville Valve Company is a leading provider of highly engineered, lifesaving safety valves and related products and solutions for steam process and flow control. Recognized for its engineering and technical expertise, Portersville Valve Company serves industry throughout the northeastern United States.

About PRD Technologies
PRD Technologies, headquartered in Tallmadge, Ohio, is a National Board of Boiler and Pressure Vessel Inspectors (NBIC) certified valve repair facility as well as an assembler of Farris Engineering Safety Valves and a Farris Factory Authorized Service Team (FAST) OEM services provider. With facilities in Tallmadge and South Point OH., PRD also is a distributor engineered sales organization for premium pressure excursion product manufacturers worldwide.

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