Thanks to its acquisition, MLD, involved in the fluids market (gas, water, oil…) with its offer of motorized valves, also expands its offer. Indeed, PFS covers a significant portion of the management of these same fluids: from storage to distribution but also regulation.
PFS is specializing in the designing, manufacturing and setup of turnkey systems to store, distribute and regulate fluids and specific fluids (industrial gases but also pure, ultrapure and liquid ones). The company is operating for the nuclear industry and for research laboratories in particular.
The company is currently employing about 30 people divided into two sites: one in Cambrai and one in Villiers-le-Bâcle in the Paris area. It is generating a turnover of about 5m€ and has experienced a rapid growth between 2016 and 2017.
To reach critical size and to face an accelerated growth of its activity, Michel Poitrenaud decided to associate with the MLD group based in the Lille area.
MLD is a group specialized in the motorization systems for industrial valves and is already owning Sarasin Actor, MD Industrie et MGO. Directed by Michel Legras, the group is employing about 30 people and is mostly doing export business with the petrochemical industry.
The newly-established group generates a turnover of about 10m€ with more than 60 employees.
Michel Poitrenaud, Managing Director of PF, stated
"We are thrilled to partner with MLD to expand our services and to pursue sustainable growth."
Michel Legras Managing Director of MLD Group added:
"I am excited by this partnership. It will allow us to offer our client a complete range of industrial services with fully complementary teams and an extended geographical coverage."
Over 90 delegates from IMAP member firms representing 32 countries congregated in Miami on October 25th - 27th for IMAP’s 2018 Fall conference. The conference was hosted by Falls River Group, IMAP’s partner firm in Florida, and was set around the theme of ‘Disruptive Innovation’.