As of May 30, 2008, ERIKS will hold 95% of shares in valve manufacturer Royal Econosto NV. The distributor will buy the company for €8.21 a share.
Econosto has two divisions: flow and sealing technology (the production, sale and distribution of valves, gaskets, sealing products, hoses, couplings, instrumentation systems, chemical seals, etc.); and Comfort and Environmental Technology (production and sale of domestic and industrial HVAC and energy systems and services.)
ERIKS and Econosto will terminate the listing of Econosto on Euronext Amsterdam as soon as practicable in consultation with Euronext Amsterdam.