Last $168.00 USD
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conbraco industries inc (CNIN) Snapshot

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conbraco industries inc (CNIN) Details

Conbraco Industries Inc. manufactures and distributes brass valves and fittings. It offers actuators and controls, such as electric, and pneumatic-stainless steel actuators and controls; backflow preventers, including dual checks, dual checks with atmospheric port, and accessories, as well as pressure, atmospheric, and hose bib vacuum breakers; and ball valves, such as brass and bronze, iron, carbon steel, stainless steel, special alloy ball valves, as well as handle options. The company also provides marine fittings, intake strainers, and ball valves; hydronic heating, point of source, and point of use mixing valves; bronze, cast and ductile iron, stainless, and carbon steel pipeline strainers; and wafer and lug body butterfly valves, bronze and stainless check valves, and control and globe bar stock valves, as well as water/hot water/liquids, steam, air/gas, pneumatic/scotch yoke, and vacuum safety relief valves. In addition, it offers plumbing and heating products, including air and gas cocks, Bibb faucets, balancing and drain valves, steam cocks, vacuum relief valves, gauge siphon cocks, thermal expansion devices, bronze water and liquid level gauges, water pressure reducing valves, and plumbing specialties; and backflow preventers, such as double check valve, double check detector, reduced pressure principle, and reduced pressure detector assemblies. Further, the company provides gage calibration services; and OEM manufacturing services, including steel and alloy casting, tooling, and machining. Conbraco Industries Inc. was formerly known as Consolidated Brass Company. The company was founded in 1928 and is headquartered in Matthews, North Carolina. It has foundries and manufacturing facilities in Pageland and Conway, South Carolina. As of July 15, 2010, Conbraco Industries Inc. operates as a subsidiary of Aalberts Industries NV.

Founded in 1928

conbraco industries inc (CNIN) Top Compensated Officers

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Compensation as of Fiscal Year 2014.

conbraco industries inc (CNIN) Key Developments

Mitsubishi Shindoh Files Counterclaim Against Conbraco Industries

Mitsubishi Shindoh has filed a counterclaim against Conbraco Industries, alleging that the company is using a patent lawsuit in an effort to exhaust inventories of the products in question. Conbraco intends to delay this case so that the infringing products will no longer be available at retail stores or from Conbraco by the time discovery formally commences in this action. Mitsubishi said it believes Conbraco will try to exhaust inventories of the infringing products and switch to products that do not infringe the patents, according to the filing. Conbraco Industries in July asked a federal court to rule that it had not violated two patents for copper alloys held by Mitsubishi Shindoh. Conbraco claimed that Mitsubishi Shindoh intended to strengthen its competitive position in the U.S. marketplace through 'intimidation' of Conbraco by alleging infringement of its patents. The company also claimed that Mitsubishi's patents for 'free-cutting copper alloy containing very low lead' and 'copper/zinc alloys having low levels of lead and good machinability' were 'void and unenforceable'. Producers have increasingly adopted brass alloys and pipe with low-lead content as federal regulations restricting the use of lead in pipes have gone into effect over the past few years. Mitsubishi has filed a motion to dismiss the allegations, according to a separate filing.

 

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