Press releases

November 23, 2011

VAG Armaturen GmbH achieves ISO 14001:2004 accreditation

On September 14, 2011, VAG-Armaturen GmbH was awarded ISO 14001:2004 accreditation by TÜV SÜD. This certifies the introduction and implementation of an environmental management system (EMS).

With the implementation of an environmental management system, VAG is setting a new benchmark for sustainable growth and corporate social responsibility. Among the company’s objectives are the reduction of waste and environmental pollution, environmental protection and the economical use of resources. Successful implementation of measures necessary to achieve these objectives is not simply a one-off or statistical issue. It requires constant adaptation and change as part of an on-going continuous improvement process. A certified environmental management system also plays an important part in reducing environmentally-relevant incidents and in improving legal protection.

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September 21, 2011

“Expedition VAG” – Customers and employees discover innovations at the Mannheim location

On Saturday, Expedition VAG, which took place on the site of the Mannheim valve manufacturer, came to an end. During three days, customers and employees were able to explore VAG’s innovations.

From 15 to 16 September, the international Valve Forum took place in the context of the expedition. Over 300 customers from all over the world exchanged views and information about the latest developments in the valve industry. Besides listening to expert talks on subjects from the water supply and waste-water industry, customers were able to visit the VAG Technology Park with new plants and manufacturing technologies as well as the extended VAG Visitor Center for the first time.

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July 25, 2011

Ad hoc announcement: VAG-Group gains new majority shareholder

Midcaps investor Halder, Frankfurt, has entered into a binding agreement for the sale of its majority stake in VAG-Armaturen GmbH Mannheim to Rexnord LLC, Wisconsin, USA. The transaction is subject to the customary approval process.

Halder acquired a controlling interest in VAG from investment company Equita in January 2008. In 2007 VAG generated revenues of €105 million and had 850 employees. On 30th June 2011 VAG generated revenues of approx. €140 million for the previous 12 months. The share of international business has risen from 56 to 65% in the past three years.

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