Shuangheng Valve Group won a valve supply contract worth CNY 124.59 million for Shenghong Refining's 16-million-tonne integrated refinery project in Lianyungang, Jiangsu. The announcement is dated 3 August 2020.
Arkle Partners completed the acquisition of Alco Valves Group Limited from Graco Inc. on 10 July 2020. Two Alco managers left to remain with Graco.
Big Shoulders Capital of Northbrook, Illinois acquired F.H. Ayer Manufacturing Company, a Chicago Heights rebuilder of industrial pumps, turbines, gearboxes and valves, in a deal advised by Houlihan Capital. The sale was reported as August 2020.
STX was notified on July 29, 2020 that it has been selected as the preferred bidder for the acquisition of PK Valve Co., Ltd. Final details have not yet been announced.
Curtiss-Wright has partnered with Ringo Valves, a subsidiary of Samson AG Group, to supply the U.S. nuclear power market. The agreement was announced on July 29, 2020.
MOGAS Industries received a multimillion-dollar order to manufacture several hundred severe service isolation valves with actuation for a large refiner in Southeast Asia. Delivery is scheduled through next year.
Italian pump maker Bertolini Pumps acquired German sprayer component maker altek GmbH, with all employees retained and managing director Thomas Schwert continuing. The acquisition was announced on 29 July 2020.
Puglia regional government approved Nuovo Pignone srl to present a definitive project for an investment of about €19.26 million at its Bari plant, with a regional grant of €6.74 million and four new jobs.
Broady Flow Control won a contract from Worley Services UK to supply safety relief and vacuum relief valves for Perenco's SHARP project in the southern North Sea. The award was announced on 28 July 2020.
Curtiss-Wright was awarded contracts valued above $220 million by Bechtel Plant Machinery and General Dynamics Electric Boat to supply propulsion valves, pumps and control systems for Virginia-class, Columbia-class and Ford-class programs. Work runs through 2024 at its New York and Pennsylvania facilities.
BioPure Technology, owned by Watson-Marlow Fluid Technology Group, will build a 120,000 sq ft fluid-path component factory at Dunsbury Park in Portsmouth, creating 120 jobs, with work starting later in summer 2020.
Orano acquired KSB Service Energie and its subsidiaries KSB Service Cotumer and STII from German group KSB to expand its industrial maintenance services, including for the French nuclear fleet.
Bosch will invest nearly $6 million to expand its Albion, Indiana facility by over 100,000 square feet for added manufacturing equipment and warehousing, adding 16 jobs. Work is expected to be complete by June 2021.
Industrial distributor Harrington plans to invest over $2.4 million in a 68,000-square-foot regional distribution center in New Haven, Indiana, retrofitting an existing building, by the end of 2024. The company intends to add up to 20 jobs.
TriMas's Rieke business has been awarded a contract by Ineos Hygienics in London to produce dispenser pumps for hand sanitizer in large volumes for U.S. and European markets. Rieke plans to produce the pumps at a Taplast site it acquired last year.
Tatweer Petroleum in Bahrain received bid results for supply of various valves, with Global Energy for Oil Services Company offering the lowest accepted bid of $85,819,372. The winner will sign a five-year purchase agreement for valves for Tatweer oil fields.
Alfa Laval announced a recommended voluntary public cash tender offer of EUR 11.50 per share for all Neles shares not already held by Neles, valuing Neles' total equity at about EUR 1,727 million. The deal strengthens Alfa Laval's industrial flow control business.
May River Capital sold the pharma valve assets of MBF Stainless Valves (Montreal Bronze) to Richards Industrials, a portfolio company of Astor Place Holdings. The deal expands Richards' Steriflow division with MBF's sanitary diaphragm valve line. EC M&A was exclusive financial advisor to May River.
KSB has sold three French service companies, KSB Service Énergie, its subsidiary STII and KSB Service Cotumer, to Orano DS. KSB Service Énergie and STII specialise in nuclear maintenance, and the three companies employ around 300 staff in total.
Alfa Laval won a SEK130 million order to supply Framo marine pumping systems for an FPSO vessel being built in China. Deliveries are scheduled for 2021.
Azbil announced it will construct a new factory building at its subsidiary Azbil Equipment (Dalian) in Dalian, Liaoning Province, to expand production capacity, with completion planned for early 2022. The article states an investment of 4600 million yuan, though its yen equivalent is inconsistent.
Hayward Tyler Fluid Handling, part of Avingtrans, secured a contract worth an initial £2.5 million to develop a prototype valve to replace legacy components for a UK nuclear plant operator. The contract could lead to up to 150 further units.
Neles has started operations at its new greenfield valve technology center in Jiaxing, China, announced in October 2018. The plant will produce over 100,000 standard valves per year for customers in process industries.
MOGAS Industries has completed the acquisition of assets of Watson Valve, a Houston-based maker of severe service valves that also offers repair and coating services. Watson has a global install base of over 3,400 valves, mainly in mining.
Yamada, a Honda supplier, plans a $15.2 million expansion adding 73,000 square feet and 100 new jobs at its South Charleston, Ohio facility. Clark County approved a 15-year property tax abatement for the project.
German pump and valve maker KSB is restructuring its French service activities by selling three maintenance companies to the Orano group. The article does not give a sale value.
Ampo Poyam Valves is designing and manufacturing over 1,200 severe service gate, globe and check valves for the CRISP refinery in Singapore, an EPC project by Tecnicas Reunidas for Exxon Mobil. Most valves will be produced at Ampo's India plant in Coimbatore, which Exxon Mobil approved for this project.
Tuthill Corporation officially opened its Lenexa, Kansas manufacturing site for Fill-Rite pumps and products. The company plans to create 68 full-time jobs over five years and pledged up to $4.55 million in capital investment.
Ampo Foundry collaborated with a leading screw pump manufacturer on developing a new sealed twin screw pump. The collaboration was announced on June 21, 2018, according to the company's news archive.
Spanish foundry Ampo Foundry was awarded a contract by a French valve manufacturer to supply 642 valve body castings and 160 valve piston castings for a refinery in China being built by an Italian EPC. The contract is the largest in the company's 56-year history.
Aibel contracted PG Flow Solutions to supply a high-pressure twin screw liquid transfer pump system for Equinor's K-Lab subsea compressor test facility at the Kårstø processing plant in Norway.
Swagelok completed a 7,400 square meter manufacturing expansion at its Changshu, China facility, doubling its size and adding local jobs. The company also opened a regional office in Singapore for its Asia-Pacific business.
Rheinmetall MAN Military Vehicles Australia was awarded a contract by the Department of Defence to supply linear valves, valued at about AUD 16,440, in Victoria, Australia, on 21 June 2020.
Vexve Armatury Group acquired 95.5% of ZMK Technologies GmbH, a Düren-based maker of petrochemical valves, from Advanced Holdings and the founders. ZMK's operations continue in Düren.
Triosim Corporation, a Wisconsin-based pulp and paper equipment firm, acquired Industrial Pump Services (IPS), which rebuilds and services industrial pumps and compressors from locations in Leland, North Carolina and Clinton, Louisiana. The article's dateline conflicts, listing both June 19 and August 14, 2020.
OMB Valves SpA of Bergamo, Italy completed its acquisition of BEL Valves S.r.l., the Milan operation of UK-based BEL Valves Limited. The business makes API 6D ball and gate valves and keeps the BEL Valves name for one year.
Vessco Holdings, a water and wastewater treatment company backed by O2 Investment Partners, made a significant investment in Kennedy Industries, a Wixom, Michigan distributor and repairer of pumps and fluid equipment. The deal expands Vessco into pump repair services.
Suzhou Newway Valve began building a high-performance smart valve factory in Suzhou High-tech Zone. Phase one has a total investment of CNY 350 million, 50 mu of land and planned total capacity of CNY 1 billion, expected to be completed in May 2021.
CIRCOR International sold its Distributed Valves Business, a maker of ball valves for the U.S. upstream oil and gas market, to MS Valves GmbH. EC M&A advised the seller.
Aker BP, on behalf of the Wellhead Platform Alliance, awarded PG Flow Solutions a contract to supply pump systems for the normally unmanned Hod B wellhead platform at the planned Hod field in the North Sea. The contract value was not disclosed and is subject to government approval of the development plan.
Valmet agreed to buy 22,374,869 shares, or 14.88%, of the future Neles Corporation from Solidium Oy for EUR 179 million paid in cash. The transaction is expected to close on July 1, 2020, after Neles is spun off from Metso.
Rawson/Industrial Controls, an ERIKS North America company, became the exclusive distributor of Clarke Valve products to oil and gas and other industrial customers in Texas, Oklahoma and the greater Gulf Coast region. The partnership covers Clarke Valve's Shutter Valve technology, which the companies say can cut valve fugitive emissions by 98%.
Investment firm HLD has entered exclusive negotiations to acquire a majority stake in TSG Group, a fuel dispensing equipment supplier with EUR 650M revenue, at a valuation of nearly EUR 500 million. ICG is reported to provide a EUR 280 million unitranche to finance the deal.
Amarinth has received a $1 million order from NAMA for 14 API 610 VS4 pumps with Plan 53B seal support systems for the ADNOC Ruwais East Refinery in the UAE. The pumps are to be delivered in a split schedule.
Franklin Electric has acquired all product lines, assets and a manufacturing facility in Rossville, Tennessee from submersible pump maker CPS Pumps. The products will be sold under the FPS brand through Franklin's existing distribution channels.
AMPO POYAM Valves won a contract to supply more than 600 actuated and manual cryogenic valves for Sinopec's Henan LNG Emergency Storage Center. The facility will be able to store up to 10 billion cubic meters of gas.
Ampo Poyam Valves received a new order for more than 800 large highly engineered gate valves from Saudi Aramco and EPC contractor Saipem for the Hawiyah Gas Increment Program in Saudi Arabia, with deliveries in 2020.
Wolseley Industrial Group, a division of Ferguson Enterprises, signed an agreement to exclusively distribute Union Tech's metal-seated and rising-stem ball valves throughout the Western US.
Oerlikon Barmag held the topping-out ceremony for a new approximately 4,000 m2 pump manufacturing building at its Remscheid Lennep site. About 80 employees will move in from December 2020 with 40 machine tools.
Sterling Pumps has acquired United Pumps Pty Ltd, a Melbourne-based pump maker focused on oil and gas projects, effective late June 2020. United Pumps will continue operating its Pakenham and Sunshine plants under current management.