Exotic Automation & Supply, a Michigan fluid power distributor, acquired Sidener Engineering, a Noblesville, Indiana fluid power and safety products distributor; Amherst Partners advised the buyer.
Spirax-Sarco Engineering agreed to buy Pittsburgh-based thermal technology company Chromalox from Irving Place Capital for $415 million on a cash-free, debt-free basis, financed by new bank debt. Chromalox has five manufacturing facilities across North America, France and China.
Blackhall Valves designed and manufactured the 108-inch high-pressure gate valves, weighing over 100 tons, for the $2B Integrated Pipeline Project in Texas, ordered by TRWD.
PMI Aerospace, based in Rockford, Illinois, acquired Reno, Nevada-based Precision Valve, a maker of hydraulic servo valve components for commercial and military aircraft flight control systems.
The US FTC gave conditional approval for Emerson's proposed $3.15 billion acquisition of Pentair plc under a proposed consent order requiring Emerson to divest Westlock Controls Corporation to Crane Co. The divestiture addresses combined switchbox market share of about 60%.
SPX Flow will supply 2-stage ClydeUnion BB3 pumps for the Sand Hills pipeline expansion in a contract worth more than US$2 million. The pumps will move natural gas liquids from the Permian and Eagle Ford basins to Mont Belvieu, Texas.
SPX Flow will supply 20 BB1 5000 hp pump packages for the new 400-mile Midland-Sealy crude oil and condensate pipeline in Texas, in an order valued at more than US$10 million. The pumps will be made in Burlington, Canada and Glasgow, UK.
MRC Global became the preferred provider of pipe, valve and fitting products and services to PBF Energy under a five-year agreement. It will also serve PBF's recently acquired Torrance and Chalmette refineries.
Northwest Pump & Equipment has acquired the assets of Clackamas, Oregon-based Performance Pump, which offered over 20 lines of industrial pumping equipment. Performance Pump product lines and staff will join Northwest Pump.
Wilo USA took over the operative business of US pump producers Weil Pump Co and Scot Pump Co and component maker Karak Machine Corp. The three companies employ about 140 people in Cedarburg, Wisconsin.
Anderson Process, a Wisconsin-based process equipment supplier, acquired Werner-Todd Pump Co, a pump distributor and service provider in Indiana, Ohio and Kentucky, in Q1 2017.
KSB sold its Houston, Texas-based subsidiary KSB AMRI Inc to Bray International Inc, effective January 31, 2017.
Bürkert USA held a grand opening for its 173,000 square-foot headquarters and manufacturing complex in Huntersville, North Carolina, on April 3, 2017. The site includes CNC machine shops for manifolds and a class 10,000 clean room for valve assembly.
Hayward Tyler's US business won a US$2.0 million order to retrofit reactor water clean-up motors with seal-less technology for seven units at a 3,400 MW US nuclear facility, with delivery in fiscal years 2018 to 2020.
Thompson Pump & Manufacturing bought 15 acres off Williamson Boulevard in Port Orange from the city for $1 million, closing March 2, 2017, to build a new U.S. headquarters with 100,000-square-foot main building; groundbreaking planned for 2018.
Platinum Equity, a global investment firm, acquired Warren Valve, a Houston-based flow control valve maker, from Allied Group. Terms were not disclosed.
Setpoint Integrated Solutions expanded its Flowserve distribution contract for Durco, Atomac and Automax valve lines to cover all its Texas and Louisiana branches, including the greater Houston area, and became a fifth Black Tie Authorized Repair House at its La Porte facility.
WILO USA LLC, a subsidiary of WILO SE, acquired in an asset deal the operative business of Weil Pump Company, Scot Pump Company and Karak Machine Corporation, which employ about 140 people in Cedarburg, Wisconsin. I-ADVISE AG advised WILO SE as financial advisor.
Lindal Group finalized plans to build a $20 million, 100,000-square-foot manufacturing facility on 15 acres in the Woodside Northwest Industrial Park in Columbus, Indiana, consolidating its three local facilities. Peterson Co. of Indianapolis was chosen to build it, with groundbreaking planned for spring 2017.
Stern Rubber Company completed a 10,000-square-foot building addition at its Aitkin, Minnesota plant, doubling its size and moving 14-inch to 24-inch gate valve production from its Staples facility. Hammers Construction of Perham built the addition.
Emerson Process Management has opened a $30 million Americas headquarters for valve automation technologies and a highly automated manufacturing facility in Houston. The facility serves the oil and gas and petrochemical industries.
FCX Performance, a flow control products distributor, acquired Monroe, Michigan-based Renew Valve & Machine Co. and its Cleveland, Ohio-based Valve & Gauge division. The deal was announced on Friday, February 10, 2017, and terms were not disclosed.
Emerson's ASCO will invest USD 8 million to expand its Aiken, South Carolina plant, creating about 86 new positions as it consolidates regional cylinder, motion control and accessory product lines there.
Emerson Electric is expanding its Aiken County operations with an $8 million investment that will create 86 new jobs.
Ohio Transmission Corp. has acquired the assets of the Somerset, New Jersey branch of Argo International, an industrial pump and repair distributor. The branch will operate as part of OTP Industrial Solutions with eight employees.
Emerson is expanding its ASCO operations in Aiken, South Carolina, with more than $8 million of capital investment and 86 new jobs. The site will consolidate regional cylinder, motion control and accessory product lines.
KSB divested its subsidiary KSB AMRI, Inc. in Houston, Texas, which makes butterfly valves and actuators for chlorine production, to Bray International. KSB and Bray also signed a sales and supply cooperation agreement.
Weir Group is moving Delta Industrial valve manufacturing from Michigan to an existing facility in St. Louis, Missouri, starting June 2017 to support planned expansion.
Italian company Pietro Fiorentini closed on land in the Three Springs Business Park in Weirton, West Virginia, for its first US manufacturing plant. The $9 million investment is expected to create 41 jobs in phase one and up to 150 when fully operational.
Forum Energy Technologies acquired the assets of Cooper Valves, a Stafford, Texas maker of metal seated ball valves and cast and forged gate, globe and check valves.
Magnum Venus Products (MVP) announced it will build a $12 million, 80,000-square-foot plant in the Hardin Business Park in Hardin Valley, Knoxville, creating about 70 jobs over five years. Occupancy is planned for the second half of 2017.
EnviroSep, a maker of modular chiller, boiler and pump packages, is expanding its existing Georgetown County operations with at least a $5.2 million investment expected to create 100 new jobs over five years.
Aalberts Industries, parent of Apollo Valves, acquired Georgia-based Shurjoint Industries, a maker of mechanical piping components, to extend the end-to-end connection portfolio of Apollo Flow Controls.
The Subsea Integration Alliance of Schlumberger, OneSubsea and Subsea 7 won a deepwater EPCIC multiphase boosting system contract from Murphy Exploration & Production for the Dalmatian Field in the Gulf of Mexico. The scope covers subsea and topside systems and a 35km umbilical.
Bimba, a pneumatic and motion solutions company, has acquired Vaccon Company, a Massachusetts-based maker of vacuum pumps, vacuum cups and end-of-arm tools. Vaccon will keep operating from its current location under its existing management.
Banner Industries built a new cleanroom at its Hillsboro, Oregon facility to become an authorized Signature Service Provider for Trebor high-purity pump repair and rebuild, starting with West Coast customers.
Legend Valve and Fitting has applied to build a 59,826 square foot warehouse addition at its facility at 300 N. Opdyke Road in Auburn Hills, Michigan. The total investment is estimated at $3.5 million, with construction planned from June to October 2017.
NOW Inc.'s DistributionNOW entered a distributorship agreement with Schlumberger for the exclusive right to distribute Reda HPS pumps and related parts in 15 US states. Schlumberger will provide technical support.
NOW Inc.'s U.S. subsidiary DistributionNOW signed an OEM valve automation packaging agreement with Rotork Controls for flow control products. It extends an existing Canadian distribution agreement to domestic and international projects.
Sun Hydraulics agreed to acquire the Power Controls and Vehicle Technologies business lines of Enovation Controls, LLC for an initial $200M plus up to $50M earn-out, expected to close within 30 days.
NOW Inc has entered into an agreement with Schlumberger for the exclusive right to distribute Reda HPS pumps and related parts in 15 US states.
Puffer-Sweiven held a grand opening for its new 140,000 sq ft Houston Service Center, focused on repair and assembly of valves and rotating equipment for process industries along the Houston Ship Channel.
Hillenbrand Inc. agreed to acquire Carnegie, Pennsylvania-based Red Valve Co. Inc. for USD 131.9 million, pending final approval. Red Valve makes valves for wastewater environments.