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Triosim Corporation signed a purchase agreement for the assets of Somarakis, Inc., including inventory and intellectual property, making it the authorized Somarakis pump repair provider. Triosim will build new Somarakis-model vacuum pumps at its facilities in Leland NC, Clinton LA, Middletown OH and Montgomery AL.
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.