Flow International Completes Minority Investment in Chinese Waterjet Manufacturer

Flow International Corp. has completed a $2 million purchase of a minority ownership position in Dardi International Corporation, a Chinese waterjet manufacturer.

Privately held, Dardi is a waterjet supplier for the economy segment of the market, and is the largest volume producer of waterjets in Asia with three factories located near Nanjing, China. Flow announced its intent to purchase the minority position in November, having previously introduced Dardi as the new supplier of its economy segment product line. By establishing a minority equity position, Flow has formalized its relationship with Dardi.

"We believe this enhanced relationship with Dardi will improve access to Dardi's low cost manufacturing, products and distribution base in China," says Charley Brown, Flow's president and CEO. "We believe this small investment will enhance our competitive position in China and the rest of the world." flowcorp.com