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ERIKS acquired Quantum Supply Ltd Canada

From

Executive board ERIKS nv

Telephone

+31-72 54 75 888

Date

5 January 2012

Subject

ERIKS ACQUIRED QUANTUM SUPPLY LTD, CANADA

ERIKS acquired Quantum Supply ltd (Canada) by the end of December 2011, through its wholly owned operating company Newdell of Houston-Texas. Quantum Supply ltd markets valve and processing equipment to industry in Western Canada and acts as both manufacturer’s representative and distributor. Quantum also specialize in the engineering and fabrication of steam pipeline valve stations. Focal industries include Oil & Gas Production, Heavy Oil Production and Upgrading, Gas Transmission and Distribution, Mining, Power Generation, Chemical and Petrochemical. Quantum Supply is headquartered in Vancouver and operates branches in Calgary and Edmonton. The company generates annual sales of CND 10M. Quantum will continue to operate as an independent unit within the Newdell Company.

For more information please visit www.quantumltd.com

About the Newdell Company, Houston-Texas

The Newdell Company is a stocking distributor and a manufacturer of a broad range of standard as well as special material valves, used in the petrochemical, chemical and refinery markets with its headquarters in Houston, Texas. The Newdell Company is the exclusive American distributor for ‘Pan Korea’ industrial valves and manufactures the ‘Smith’ forged steel gate, globe and check valves. With around 80 employees the company generates annual sales of USD 50M.


About ERIKS

Founded in 1940, ERIKS is a leading international industrial service provider offering a wide range of high-quality mechanical engineering components and associated technical and logistics services. ERIKS’ current product range, including the technical and logistics services that form part of it, is divided into five core activities: flow technology; sealing technology; bearing and power transmission, including electromechanical services and condition monitoring; industrial plastics; and tools and maintenance products. ERIKS currently consists of more than 60 companies with branches in 25 countries, serving over 200,000 customers. In 2010, ERIKS generated net sales of €1.1 billion (USD 1.6 billion). ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a private-held family company with net sales in 2010 of €16.0 billion (USD 23.1 billion).

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