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Aurelius to purchase water valves supplier VAG from Rexnord

German middle-market private equity firm Aurelius Equity Opportunities SE & Co. KGaA will buy water and waste water valves maker VAG-Armaturen GmbH from U.S.-based multiplatform industrial company Rexnord Corp. for an undisclosed amount.

VAG is a supplier of valves for water treatment and distribution, waste water management, dams, power stations and the energy sector.

Aurelius will spin off VAG from Rexnord and make it independent, expand the company's biggest facility in the Czech Republic where it has its own foundry operations, optimize its procurement and distribution structures and potentially make it a platform for pursuing add-on acquisitions.

The deal is expected to be completed during the fourth quarter of 2018.