Axon Energy Products AS has signed a definitive agreement to acquire the assets and existing business of Doyle's Valves Inc., through its subsidiary Axon Pressure Products Inc. (APP) The transaction is anticipated to close on or before June 30.

"There is no better fit," said Dan Henderson, president and chief executive officer of Doyles. "Being a part of Axon allows us to secure the jobs of our employees, improve vendor relations, and ensure we meet the ever-increasing requirements of our customers. We're much stronger together than we are apart."

Doyles, headquartered in Houston, has approximately 80 employees. The Doyles employees, including the executive management team, are expected to be retained as employees of APP.