Rotork
{{Short description|British industrial flow control company}}
{{Use dmy dates|date=September 2020}}
{{Infobox company
| name = Rotork plc
| logo = Rotork logo.svg
| type = Public
| traded_as = {{ubl|{{lse|ROR}}|FTSE 250 component}}
| foundation = 1940s
| location = Bath, Somerset, UK
| key_people = Dorothy Thompson, Chair
Kiet Huynh, CEO
| industry = Engineering
| products =
| revenue = {{increase}} £754.4 million (2024){{cite web|url=https://rcl-p-001.sitecorecontenthub.cloud/api/public/content/2024resultsreleasetofti-pdf-ez1ouprb6fzq3fcsrvaq.pdf?v=c6d03152|title=Preliminary Results 2023|publisher=Rotork|access-date=11 March 2025}}
| operating_income = {{decrease}} £135.9 million (2024)
| net_income = {{decrease}} £104.8 million (2024)
| num_employees = 3,300 (2025){{cite web|url=https://www.rotork.com/en/about-us|title=About us|work=rotork.com|access-date=3 April 2025}}
| parent =
| subsid =
| homepage = [https://www.rotork.com www.rotork.com]
| footnotes =
}}
Rotork plc is a British-based company manufacturing industrial flow control equipment. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
File:Rotork, Bath, from river path.jpg
The company was established as a small engineering workshop in Bristol in the 1940s. In 1945 it was acquired by Frenchay Products led by Jeremy Fry. It made its first actuator in 1952.[http://www.fundinguniverse.com/company-histories/rotork-plc-history/ History of Rotork plc] Funding Universe In 1957 Rotork moved to Bath, initially operating from Widcombe Manor, Jeremy Fry's home, with 12 staff. In 1962 it moved into a new production plant in Newbridge, Bath, which remains the company's headquarters.{{cite report |url=http://www.rotork.com/doc-dl/5955 |title=50 years in control 1957-2007 |publisher=Rotork |year=2007 |access-date=9 September 2015}} It was first listed on the London Stock Exchange in 1968.{{cite web|url=http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB0007506958GBGBXSTMM|title=ROTORK PLC ORD 5P - London Stock Exchange|work=londonstockexchange.com|access-date=3 April 2015|url-status=dead|archive-url=https://web.archive.org/web/20150407204806/http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB0007506958GBGBXSTMM|archive-date=7 April 2015}}
Protech Instruments & Systems, an instrumentation company, was purchased in 1985 to expedite the development of Pakscan, a digital bus control system for actuators.{{cite book|url=https://books.google.com/books?id=i6HLsDtiEPUC&q=rotork+buys+skilmatic&pg=PA159|title=Profile of the International Valve Industry|isbn=9781856174435|access-date=3 April 2015|last1=Weaver|first1=Graham|date=20 January 2005|publisher=Elsevier }} In 1999 it bought Fluid System Srl, an Italian actuator business, in 2000 it bought Skilmatic in Leeds and in 2002 it acquired Jordan Controls, a United States actuator business. It started operating in Sweden in 2008 with the purchase of Remote Control.[http://www.waterandwastewater.com/www_services/news_center/publish/article_001434.shtml Rotork acquires Remote Control Sweden] Waste and Wastewater, 28 February 2008
In 2009 the company acquired Flow-Quip,[http://valvemagazine.com/industry-headlines/industry-headlines/valve-manufacturing/3863-rotork-to-acquire-flow-quip-controls.html Rotork buys Flow-Quip Controls for $8m] Valve Magazine, 11 November 2009 and in 2010 Ralph A. Hillier, US-based businesses.[http://www.vma.org/news/42625/Headlines-Rotork-Acquires-Ralph-A.-Hiller-Company.htm Rotork acquires Ralph A. Hillier Company] VMA, 24 May 2010
In 2011 Rotork Servo Controles de Mexico S.A. de C.V. became fully owned by Rotork after being part-owned since the 1970s.[https://www.insidermedia.com/insider/southwest/47950- Rotork Acquires Servo Controles de Mexico S.A. de C.V.]
Shortly afterwards Rotork purchased Valco Valves Automation AS, Rotork's long term sales and service agent in Norway, now renamed Rotork Norway.[http://www.valvemagazine.com/industry-headlines/industry-headlines/valve-manufacturing/3538-rotork-acquires-valco-valves-and-automation-as.html Rotork Acquires Valco Valves.]
Rotork acquired K-Tork International Inc., based in Dallas, and Centork Valve Control S.L., a Spanish actuator manufacturer based near San Sebastián.[https://www.insidermedia.com/insider/southwest/56227- Rotork Acquires K-Tork International Inc. and Centork Valve Control S.L.]
In 2011 Fairchild Industrial Products in North Carolina was acquired.{{cite web|url=http://www.marketwatch.com/story/rotork-buys-us-power-tools-firm-fairchild-for-76m-2011-11-18|title=Rotork buys US power-tools firm Fairchild for $76M|publisher=Marketwatch|date=18 November 2011|access-date=26 June 2014}} In the UK Prokits was purchased.[https://www.insidermedia.com/insider/southwest/62770-rotork-snaps-prokits Rotork Acquires Prokits] In 2012 Italian switchbox manufacturer Soldo Srl was added and in 2013 the German actuator manufacturer Schischek was purchased.{{cite web|url=http://www.waterbriefing.org/home/company-news/item/7872-rotork-posts-record-order-book-of-%C2%A3208m|title=Rotork posts record order book of £208m|publisher=Water Briefing|date=6 August 2013|access-date=26 June 2014}}
Flowco in the UK and Renfro associates in the USA were further acquisitions in 2013, both adding to the company's service capabilities, and the Italian actuator manufacturer GT Attuatori Srl was also purchased.{{cite web|url=http://www.automation.com/automation-news/industry/rotork-acquires-gta-group|title=Rotork acquires GTA Group|publisher=Automation|date=7 October 2013|access-date=26 June 2014}} In 2014 Rotork acquired Young Tech Co. Ltd. (YTC), a Korean instrumentation manufacturer.{{cite web|url=http://www.controldesign.com/industrynews/2014/rotork-acquires-ytc-for-107-million/|title=Rotork Acquires YTC for $107 Million|publisher=Control Design|date=4 March 2014|access-date=26 June 2014}} In 2014 Rotork also acquired Xylem Flow Control Limited (XFC), based in Wolverhampton, UK, a leading manufacturer of solenoid valves and instruments under the Midland-ACS, Alcon Solenoid Valves and Landon Kingsway brands for £18 million.{{cite web|url=http://www.rttnews.com/2344747/rotork-acquires-xylem-flow-control-for-18-mln.aspx|title=Rotork Acquires Xylem Flow Control For £18 Mln|date=7 February 2014|publisher=RTT News|access-date=6 April 2016}} At the beginning of 2015 Rotork acquired part of Omas Teknik,{{cite web|url=http://www.rotork.com/en/investors/index/mergersacquisitions|title=Rotork: Mergers and Acquisitions|access-date=19 July 2016}} its sales and service agent in Turkey. M&M International Srl,{{cite web|url=http://www.gasworld.com/solenoid-valves-acquisition-boost-rotorks-portfolio/2008017.article|title=Solenoid valves acquisition boost Rotork's portfolio|date=13 August 2015 |publisher=Gas World|access-date=19 July 2016}} and Bifold Group were acquired in 2015.{{cite web|url=http://www.manchestereveningnews.co.uk/business/bifold-bought-rotork-125m-9962842|title=Bifold bought by Rotork for £125m|date=September 2015 |publisher=Manchester Evening News|access-date=19 July 2016}}
Also in 2015 Rotork acquired Servo Moteurs Service, an actuator service business located in the South of France, as an important step forward in the development of Rotork's direct service offering to its customers{{cite web|url=http://www.lse.co.uk/AllNews.asp?code=tdzrls0c&headline=Rotork_Acquires_USs_Roto_Hammer_And_Frances_Servo_Moteurs_Service | title=Rotork Acquires US's Roto Hammer And France's Servo Moteurs Service|date=29 September 2015|publisher=Alliance News|access-date=5 September 2016}} and Roto Hammer, a manufacturer of custom-designed chain wheel manual valve operators based in Tulsa, Oklahoma, USA. In the beginning of 2016 Rotork acquired Mastergear, a leading manufacturer of manual and motorised gearboxes for valves, which has operations in Italy and the US, to strengthen its gearboxes offering.{{cite web|url=http://www.vma.org/news/287133/Rotork-Acquires-Mastergear-from-Regal-Beloit.htm | title=Rotork Acquires Mastergear from Regal Beloit|publisher=VMA|date=29 April 2016|access-date=5 September 2016}}
Rotork acquired Hanbay in 2023. The company designs and manufactures precise, miniature electric actuators that offer a compact profile and high torque design for small and instrument valves.{{cite web|url=https://valve-world-americas.com/rotork-welcomes-hanbay-inc/ | title=Rotork Welcomes Hanbay Inc|publisher=VWA|date=11 August 2023|access-date=11 August 2023}}
Operations
The company is a designer and manufacturer of industrial flow control products encompassing valve actuators, gearboxes, control systems, instrumentation and accessories.{{cite web|url=http://www.rotork.com/en/about-us/index/divisions|title=Divisions|publisher=Rotork|access-date=23 April 2017}}
References
{{Reflist}}
External links
- [http://www.rotork.com/ Official website]
{{FTSE 250 Index constituents}}
{{Authority control}}
Category:Manufacturing companies of England
Category:Companies based in Bath, Somerset
Category:Manufacturing companies established in 1957
Category:1957 establishments in England