Marshall Excelsior acquires Xanik

Marshall Excelsior Company (MEC), a Harbour Group company, has acquired Xanor de Mexico (Xanik), Jeff Fox, Harbour Group’s chairman and chief executive officer, announced yesterday. Terms of the transaction were not disclosed.
Xanik, based in Mexico City and founded in 1983 by Samuel Nicolayevsky, is a leading manufacturer of specialty valves used in severe service applications.
Mr. Fox commented, “Xanik is an excellent addition to MEC as it expands their product offering, global reach, and end-markets served. MEC has been focused on expanding its valve offerings in various applications and Xanik represents a great opportunity for us to strengthen that initiative.”
“We are excited about the addition of Xanik to the MEC platform,” said Pat Donovan of MEC. “They expand and enhance our product offering and offer great operational efficiencies for our business. We look forward to partnering with Xanik to better serve our customers.”
Carlos Kahan, CEO of Xanik commented, “We believe MEC is a great new partner for Xanik and that both MEC and Xanik bring unique skillsets to the combined business. We believe the future is very bright, and we are excited by this opportunity to accelerate our growth.”