CIRCOR International, Inc. (NYSE:CIR), designs, manufactures and distributes a broad array of valves and related products and services to a variety of end-markets for use in a wide range of applications to optimize the efficiency and/or ensure the safety of fluid-control systems. We have a global presence and operate several manufacturing facilities which are located in the United States, Canada, Europe and the People’s Republic of China. CIRCOR was established by its former parent, Watts Water Technologies, or Watts, to continue to operate the former industrial, oil and gas business of Watts. On October 18, 1999, Watts distributed all of our outstanding common stock to Watts shareholders of record as of October 6, 1999 in a tax-free distribution.
The company supplies valves on a worldwide basis to a wide range of users who require precise, efficient and safe fluid-control systems. These markets include general industrial, food processing, chemical processing, aerospace, marine, analytical, chemical, compressed natural gas/liquefied natural gas, cryogenics, light industrial, heating, ventilation and air conditioning, instrumentation, manufacturing, maritime, medical, military, OEM, oil and gas exploration, processing and distribution, petrochemical, pharmaceutical, power-generation, pulp and paper, semiconductors and textiles. CIRCOR’s business is comprised of two groups.