Applied Industrial Technologies agreed to acquire FCX Performance, a Columbus, Ohio distributor of specialty flow control products, for about $768 million, expected to close within 30 days. The deal is financed with a new credit facility.
Applied Industrial Technologies agreed to acquire FCX Performance, a Columbus, Ohio distributor of valves, instruments, pumps and lifecycle services, for about $768 million, with closing expected within 30 days.
FCX Performance, a flow control distributor, has acquired Houston-based Eads Distribution and Charlotte-based The Massey Company, expanding its footprint to 67 offices nationally.
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.