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Spirax-Sarco Engineering completed its acquisition of Vulcanic from Qualium for €261.7 million on a cash and debt-free basis, adding it to its Electric Thermal Solutions business.
Spirax-Sarco announced on September 28, 2022 the acquisition of Durex International Corporation, a privately owned US specialist in custom electric thermal solutions for ultra-high criticality industrial equipment.
Spirax-Sarco Engineering entered exclusive negotiations with Qualium to acquire the Vulcanic Group, a Paris-based industrial electric heating maker, for €261.7 million on a cash and debt-free basis. The deal is expected to complete after regulatory approvals in the third quarter.
Portsmouth City Council completed a 120,000 sq ft warehouse at Dunsbury Park in Havant for BioPure Technologies, a fluid-path component manufacturer in the Watson-Marlow group. The facility is expected to create more than 120 engineering and manufacturing jobs.
Watson-Marlow has broken ground on a 150,000 sq ft manufacturing facility at Devens, Massachusetts, for peristaltic pumps, tubing and fluid path products. The site is expected to create over 150 positions.
Watson-Marlow will begin construction in October 2021 on a 150,000 square foot manufacturing facility in Devens, Massachusetts, with first production due in late 2022. The site will make peristaltic pumps, tubing and fluid path solutions for life sciences and process customers.
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.
Spirax-Sarco Engineering agreed to acquire the Gestra division of Flowserve, a Bremen-based maker of steam and fluid control valves, for EUR 186 million on a cash-free, debt-free basis, with the purchase contract signed on 31 March 2017.
Spirax-Sarco Engineering signed a conditional agreement to buy Gestra AG and associated businesses from Flowserve for a cash-free, debt-free consideration of EUR 186 million. Gestra is headquartered in Bremen, Germany and makes boiler control systems, valves and steam control equipment. Completion awaits German merger control approval.
Spirax-Sarco Engineering agreed to acquire US-based thermal technologies company Chromalox from Irving Place Capital for a cash-free, debt-free consideration of US$415 million.
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.
Flowserve entered a conditional sale and purchase agreement to sell Gestra AG and associated businesses to Spirax-Sarco Engineering for EUR 186 million. Gestra makes steam and boiler control valves and systems.
Watson-Marlow Fluid Technology Group, part of Spirax-Sarco, acquired Aflex Hose Limited and its US subsidiary for £61.4 million. Aflex, based in Halifax, England, makes PTFE-lined flexible hose for the pharmaceutical, food and chemical industries.
