Valmont Acquires Majority Stake in Torrent Engineering & Equipment
Valley, Neb. (Feb. 8, 2018) – Valmont® Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and mechanized irrigation equipment and services for agriculture, recently announced that it has acquired a majority interest in Indiana-based Torrent Engineering & Equipment (www.torrentee.com).
Founded in 2001, Torrent designs and delivers high-pressure water and compressed air process systems around the world. Their new 25,000-square-foot facility in Warsaw, Indiana, allows for turn-key fabrication and efficient on-site deployments. Torrent founders Joe Cousins and Mark Meadows will continue to lead Torrent as Co-Presidents.
“Irrigation systems are becoming increasingly complex, and we look forward to being part of those solutions,” says Meadows.
Torrent’s design and engineering experience includes large, complex pumping systems, and they serve the snow making, irrigation, municipal and mining sectors. Some of their recent highprofile projects have included deploying artificial snow for the last three Winter Olympics, including the 2018 Games in Pyeongchang, South Korea, and for world-renowned ski resorts.
“The ability to join the world leader in irrigation is a great opportunity for our company,” says Cousins.
“Torrent’s forward-thinking, responsible philosophy aligns with Valmont’s own culture and values,” says Len Adams, President of Valley Irrigation. “We share a commitment to delivering excellent results worldwide.”