Closely held valve manufacturer Conbraco Industries Inc. has been sold to Aalberts Industries N.V., a Dutch firm with a compatible line of business in the flow-control sector. The value of the sale has not been reported, and North Carolina-based Conbraco has indicated its senior management will remain in place with the company "for the long-term." Conbraco operates two foundries, in Conway and Pageland, SC. Its headquarters are in Matthews, NC. In a letter to customers, Conbraco president and CEO Glenn L. Mosack, said the sale "was in the best interest of our family, our shareholders, our employees, and our customer base to join the Aalberts family group. This decision will create tremendous opportunities to enhance our worldwide market position. Aalberts portfolio includes over 150 separate companies. Their outstanding reputation in the marketplace along with their commitment to providing necessary resources, enable these businesses to achieve consistent, remarkable growth."