KKR agreed to acquire Flow Control Group, a Charlotte-based maker of pumps, valves and air compressors, from Bertram Capital. Terms were undisclosed, though a source said the deal values the company above $1 billion including debt.
ARMATURY Group has supplied valves for Poland's Baltic Pipe and North-South Gas Corridor projects, including 349 ball valves for gas pipelines in Poland in 2020. Deliveries included over 950 valves for the Kędzierzyn-Koźle compressor station.
Ingersoll Rand agreed to sell a majority stake in its High Pressure Solutions segment to American Industrial Partners for about $300 million. The deal was expected to close in the first half of 2021.
Bürkert is investing 15 million euros to extend its production site in Triembach-au-Val, France, including a new production laboratory, offices and logistics hall, with about 20 hires planned within 36 months.
Meisonilan signed a contract with Bechtel's Oil, Gas & Chemicals unit to supply control valves for the onshore part of the Angola LNG project in Soyo, Zaire Province. The article's dates are internally inconsistent, suggesting it may be a reposted older release.
EPS Group has acquired Ferrier Pumps Limited, a pump specialist with offices in Edinburgh, Glasgow and Aberdeen serving Scotland's utility, industrial and commercial markets. The article is dated February 2021 and gives no deal value.
Modec Offshore Production Systems of Singapore placed a purchase order with PetrolValves Group for 52 severe service control valves for Equinor's Bacalahu FPSO offshore Brazil. The valves are rated up to 635 bar.
Samson Ringo has finished design, manufacture and testing of a 32-inch 900# globe control valve, the largest 3595-type valve it has built, as part of a supply order for a C2+ recovery and fractionation project in the Middle East.
KEPCO Engineering & Construction, jointly with Triliium Flow Korea, won a design and supply contract for special valves from the ITER international organization, signed on 5 February 2021.
MCE, a fluid power and lubrication supplier based in Zelienople, Pennsylvania, acquired Swanson Flo, a regional distributor of process instrumentation and flow control valves based in Plymouth, Minnesota, with 92 employees.
Orbinox will supply 28 stainless steel knife gate valves for BP's Azeri Central East (ACE) project, a new production platform in the Caspian Sea. The valves will be mounted on the platform deck above the waterline.
Corken Inc. will expand its Oklahoma City facility and relocate operations from Chicago, consolidating with Liquid Controls under the name Advance Flow Solutions. The plan creates 120 jobs over five years and seeks an incentive of up to $300,000 from the city.
Parkson Corporation, a subsidiary of Axel Johnson Inc., acquired the assets of Schreiber LLC of Trussville, Alabama, adding pump, headworks, biological and filtration technologies. Schreiber's aftermarket care department will give Parkson a second dedicated parts and services facility in the Southeastern US.
Korean shipyards Samsung Heavy Industries and Hyundai Heavy Industries contracted Svanehøj to supply cargo, fuel and spray pumps for four additional very large ethane carriers, with delivery in Q3 2021. The pump orders are worth more than US$7.5 million.
Sundyne expanded its manufacturing and testing facility in Dijon, France by 1,200 square metres, adding space for package assembly and full unit tests on larger machines. The expansion was announced on 2 February 2021.
Caterpillar completed its acquisition of the Oil & Gas division of Weir Group, which now operates as SPM Oil & Gas near Fort Worth, Texas. The business includes more than 40 global service centers and about 2,000 employees.
Skarpenord, a subsidiary of Scana ASA, signed a final contract with the Rosenberg Worley yard in Stavanger to upgrade valve control systems on the production vessel Jotun, worth over NOK 30 million. Equipment delivery is scheduled for Q3 2021.
Goforth Williamson, Inc. announced its acquisition of Gilbert Pump & Mechanical, a pump distributor serving the Alabama and Florida panhandle. The deal adds inventory locations, a pump testing facility and lift station package capability.
Carrier Global signed a strategic long-term agreement under which Sanhua joins the Carrier Alliance program and will supply valves, heat exchangers and drives for Carrier's HVAC and refrigeration portfolios.
Sawafi Borets, a joint venture of Sawafi Al-Jazeera and Borets, broke ground on a 21,000m2 headquarters and submersible pump production facility at King Salman Energy Park in Saudi Arabia, with annual capacity of 500 ESPs and up to 100 staff.
Marshall Excelsior Company, a Harbour Group company, acquired the assets of CPC-Cryolab, a liquid hydrogen and helium valve provider, and Rockwood Swendeman, a cryogenic safety valve manufacturer, confirmed on 20 January 2021.
The Department of Defence of Australia awarded Frontline Australasia Pty Ltd a contract to supply valve diaphragms, valued at AUD 44,750.48, in Victoria. The award was dated 19 January 2021.
Netzsch Pumpen & Systeme plans a new production hall with office units at its Waldkraiburg site, consolidating three local plants into a campus. Groundbreaking was planned for the first quarter of 2021.
Trillium Flow Technologies' French unit has secured a contract from EPC contractor TechnipFMC to supply 659 safety valves for Novatek's Arctic LNG 2 project on the Gydan peninsula, Russia. The contract value was not disclosed.
Conquest Industries of Stow, Ohio acquired the manufacturing division of Durbin Industrial Valve in Akron, Ohio, with NEO Business Advisors as broker. Durbin will focus on valve sales, service, repair and rebuild, while Conquest takes over valve parts manufacturing and machining.
Turkish firm ESKA has built a TRY 120 million factory on a 20,000 square metre site in Sakarya that makes gas pressure regulators and safety valves, with capacity of 3 million units and exports to over 40 countries. The company plans a third factory in 2021.
Ampo Poyam Valves is supplying large high-pressure valves, including electro-hydraulic ball valves, gate valves and globe valves up to 48 inches, for the Yanbu and Juaymah onshore terminals in Saudi Arabia. Saudi Aramco owns the terminals and awarded the EPC contract to EPPM.
Hillenbrand agreed to sell Abel Pumps L.P. and affiliates to IDEX Corporation for $103.5 million in cash, subject to post-closing adjustments. The deal is expected to close in Hillenbrand's second fiscal quarter.
Czech gas pipeline operator NET4GAS awarded MSA, a.s. a contract worth EUR 1,364,218 to supply ball and safety shut-off valves for its Moravia Capacity Extension high-pressure pipeline project. The notice was published January 8, 2021, though the record lists a later award date.
Midwest private equity firm May River Capital has acquired Unibloc Pump, an Atlanta-area maker of positive displacement pumps, strainers and valves for sanitary applications. The deal was announced January 7, 2021.
Trillium's Pumps USA facility in Fresno, California has approved a multi-million dollar investment in solar panels, with over 2,700 panels to be installed, expected to be completed later in 2021. The approval was reported January 7, 2021.
Worthington Industries has acquired PTEC Pressure Technology GmbH, a German designer and maker of valves and components for hydrogen and CNG storage systems, based in Burscheid, Germany. The company has 11 employees.
Industrial Flow Solutions has moved its three Connecticut facilities under one roof in a 65,000 square-foot factory in New Haven, about 50% larger than its previous sites. The company had committed $385,000 to the New Haven site acquisition with the state Department of Economic Development.
DeZURIK acquired Hillenbrand's Red Valve business on December 31, 2020 at an enterprise value of $63 million, including a $58 million cash payment and a $5 million note. Hillenbrand announced the completed sale on January 4, 2021.
Wilo USA, a subsidiary of Wilo SE, held a groundbreaking for a 244,000 sq ft headquarters and production facility in Cedarburg, Wisconsin, which will combine Wilo USA, Weil Pump, Scot Pump and Wilo Machine Co. operations. The facility is expected to open in Q1 2022.
Babcock Valves manufactured a package of high pressure motorized gate valves for SOCAR's Heydar Aliyev Oil Refinery in Baku, Azerbaijan.
Swedish industrial pump maker Concentric AB acquired Allied Enterprises LLC, a Muncie, Indiana transmission parts manufacturer, in a cash deal valued at $11.7 million.
Daqing Lishen signed a $79 million contract with Pertamina Hulu Energi (PHE) to supply pumps for the OSES offshore oil field block in Indonesia, covering more than 300 wells in early 2021.
Pedrollo Group S.p.A. agreed to buy a majority stake in Superior Pump, a North American producer and distributor of premium pumps, in a deal advised by Chartwell. The article gives no deal value or location.
A.Y. McDonald acquired Val-Matic Valve & Mfg. Corporation of Elmhurst, Illinois on December 31, 2020.
Anvil and Smith-Cooper International, a Tailwind Capital portfolio company, acquired the ABZ and Quadrant Valve brands from parent Forum Energy Technologies.
DXP Enterprises completed the acquisitions of Total Equipment Company, APO Pumps & Compressors with Corporate Equipment Company, and Pumping Solutions, Inc. Financial terms were not disclosed, and the targets had about $114 million in sales for the 11 months ended Nov. 30, 2020.
EBARA Corporation signed an agreement to acquire 100 percent of the shares of Vansan, a leading Turkish pump manufacturer that exports about 70 percent of its output to more than 70 countries.
The Australian Department of Defence awarded Sonartech Atlas Pty Limited a contract to supply valves, valued at AUD 24,832.50, on 15 December 2020 for a six-month term in New South Wales.
Germany's Wilo Group signed an agreement with Changzhou high-tech zone officials to build a plant with a total investment of 100 million US dollars for R&D, manufacturing and distribution. The plant is expected to produce over 1 billion yuan in annual sales.
Oceaneering International has been awarded a contract by TechnipFMC to supply 2-inch M5 connectors and chemical throttle valves for the Khaleesi/Mormont and Samurai tieback project in the U.S. Gulf of Mexico. The award was reported on 15 December 2020.
NETZSCH plans to invest about EUR 50 million more worldwide in the coming years, for a total of EUR 100 million under its Global Operations Strategy, to fund factory expansions in the USA, Brazil, China and India and new assembly centres in several countries.
NETZSCH shareholders approved on 27 November 2020 the centralization of its Waldkraiburg facilities, investing EUR 50 million in a new production unit on Geretsrieder Straße that will integrate the assembly hall and offices from the current plant.
Valve maker Didtek has built a new 3,900 square metre factory to expand production of gate, globe and check valves, to meet rising demand. Contagas, its distributor, reported it on 10 December 2020.
Offshore Oil Engineering (Haiyou Gongcheng) awarded Suzhou Newway Valve a contract worth CNY 5,361,897 to supply low-temperature ball valves for the Tianjin LNG phase II receiving terminal, per the tender result published 10 December 2020.