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Graco makes two acquisitions
NEWS
Caprari acquires 50% stake in Turkish motor and pump manufacturer
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taly’s Caprari SpA has entered into a strategic joint venture agreement with Polmot Motor Makina AS, acquiring 50% of the Turkish submersible borehole motor and pump manufacturer’s capital. Polmot, through its POLDAP brand, is one of the largest manufacturers of submersible borehole motors and pumps in Turkey. Pump products include plastic impeller pumps, cast iron pumps and stainless steel pumps. The company is based in Konya, in central Anatolia.
For further information, visit www.caprari.com and www.polmot.com.tr
ITT to sponsor engineering talent development program in China
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TT Corp is planning to sponsor an engineering talent development program in China working in cooperation with local partners, including Science and Technology Daily and Tsinghua University Science Park (TusPark Co Ltd). The ITT Engineering Talent Development Program in China is designed to support engineering technology talent, improve research and development capabilities, and enhance the quality of micro and small enterprises. It will include both an education program and an innovation competition. Both initiatives will be focused on sharing knowledge and best practices that give students opportunities to receive integrated training and guidance about innovation and R&D. “As a diversified leading manufacturer, ITT has a long history in China and has been part of the rapid development of the Chinese economy and industry,” said Denise Ramos, ITT CEO and president. “ITT will bring its leading manufacturing technologies, as well as best practices developed over a century of operation, to build an international platform for the growth
January 2014
and success of the new generation of talent in the engineering industry.” For further information, visit www.itt.com, www.itt.com.cn and www.stdaily.com
UK tubing connector specialist joins Watson-Marlow Pumps Group
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pirax-Sarco Engineering plc has bought Bio Pure Technology Ltd in a £8.5 million deal. Portsmouth, UK-based Bio Pure, which specialises in the design and production of advanced single-use tubing connector systems for the biopharmaceutical industry, is now part of Spirax-Sarco’s WatsonMarlow Pumps Group. Bio Pure was established in 1998 by Roy Maunder, who will continue with the business as a non-executive director. Watson-Marlow Pumps Group already has a strong commercial relationship with Bio Pure, jointly promoting WatsonMarlow tubing and Bio Pure connectors to shared customers, where both Bio Pure and Watson-Marlow products are integrated into customers’ equipment.
For further information, visit www spiraxsarcoengineering.com and www.biopuretech.com
Graco makes two acquisitions
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raco Inc closed 2013 with two acquisitions - QED Environmental Systems, a manufacturer of environmental monitoring and remediation systems, and EcoQuip, a producer of specialised vapour abrasive blasting systems for coating removal and surface preparation. Headquartered in Dexter, Michigan, QED makes pump systems for groundwater sampling and remediation efforts, landfill liquid and gas management, and the removal of harmful chemicals from groundwater and drinking water supplies. QED employs approximately 80 people at its Dexter
headquarters and a production facility in San Leandro, California. “Both companies operate in attractive niche markets where Graco currently has little or no exposure,” said Patrick McHale, Graco’s president and CEO. “We expect that the specialised fluid management products of QED and EcoQuip will benefit from Graco’s commitment to innovative new product development, an exposure to a global distribution channel, and the company’s expertise in manufacturing efficiencies.” The two acquisitions have combined annual sales of approximately US$30 million. For further information, visit www.graco.com and www.qedenv.com
Valmet shares begin trading
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rading in Valmet Corp’s shares on the official list of NASDAQ OMX Helsinki Ltd began on 2 January 2014 under the symbol VALMT. Metso Corp spun off its Pulp, Paper and Power businesses to the new Valmet on 31 December 2013 through a demerger. Following the demerger, Valmet is an independent public limited company, separate from Metso. The Mining and Construction and Automation businesses remain with Metso.
For further information, visit www.valmet.com and www.metso.com
Gabelli Industrial Flow & Infrastructure Conference
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abelli & Co Inc will host its 24th Annual Industrial Flow & Infrastructure Conference on 26 February 2014 in New York City. Participating pump companies this year include Crane Co, Flowserve Corp, Graco Inc, IDEX Corp, ITT Corp, Layne Christensen Co, Sulzer AG and Xylem Inc. The conference will feature panel discussions and fireside chats between company management and Gabelli analysts. For further information, visit www.gabelli.com
Pump Industry Analyst
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Caprari acquires 50% stake in Turkish motor and pump manufacturer
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taly’s Caprari SpA has entered into a strategic joint venture agreement with Polmot Motor Makina AS, acquiring 50% of the Turkish submersible borehole motor and pump manufacturer’s capital. Polmot, through its POLDAP brand, is one of the largest manufacturers of submersible borehole motors and pumps in Turkey. Pump products include plastic impeller pumps, cast iron pumps and stainless steel pumps. The company is based in Konya, in central Anatolia.
For further information, visit www.caprari.com and www.polmot.com.tr
ITT to sponsor engineering talent development program in China
I
TT Corp is planning to sponsor an engineering talent development program in China working in cooperation with local partners, including Science and Technology Daily and Tsinghua University Science Park (TusPark Co Ltd). The ITT Engineering Talent Development Program in China is designed to support engineering technology talent, improve research and development capabilities, and enhance the quality of micro and small enterprises. It will include both an education program and an innovation competition. Both initiatives will be focused on sharing knowledge and best practices that give students opportunities to receive integrated training and guidance about innovation and R&D. “As a diversified leading manufacturer, ITT has a long history in China and has been part of the rapid development of the Chinese economy and industry,” said Denise Ramos, ITT CEO and president. “ITT will bring its leading manufacturing technologies, as well as best practices developed over a century of operation, to build an international platform for the growth
January 2014
and success of the new generation of talent in the engineering industry.” For further information, visit www.itt.com, www.itt.com.cn and www.stdaily.com
UK tubing connector specialist joins Watson-Marlow Pumps Group
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pirax-Sarco Engineering plc has bought Bio Pure Technology Ltd in a £8.5 million deal. Portsmouth, UK-based Bio Pure, which specialises in the design and production of advanced single-use tubing connector systems for the biopharmaceutical industry, is now part of Spirax-Sarco’s WatsonMarlow Pumps Group. Bio Pure was established in 1998 by Roy Maunder, who will continue with the business as a non-executive director. Watson-Marlow Pumps Group already has a strong commercial relationship with Bio Pure, jointly promoting WatsonMarlow tubing and Bio Pure connectors to shared customers, where both Bio Pure and Watson-Marlow products are integrated into customers’ equipment.
For further information, visit www spiraxsarcoengineering.com and www.biopuretech.com
Graco makes two acquisitions
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raco Inc closed 2013 with two acquisitions - QED Environmental Systems, a manufacturer of environmental monitoring and remediation systems, and EcoQuip, a producer of specialised vapour abrasive blasting systems for coating removal and surface preparation. Headquartered in Dexter, Michigan, QED makes pump systems for groundwater sampling and remediation efforts, landfill liquid and gas management, and the removal of harmful chemicals from groundwater and drinking water supplies. QED employs approximately 80 people at its Dexter
headquarters and a production facility in San Leandro, California. “Both companies operate in attractive niche markets where Graco currently has little or no exposure,” said Patrick McHale, Graco’s president and CEO. “We expect that the specialised fluid management products of QED and EcoQuip will benefit from Graco’s commitment to innovative new product development, an exposure to a global distribution channel, and the company’s expertise in manufacturing efficiencies.” The two acquisitions have combined annual sales of approximately US$30 million. For further information, visit www.graco.com and www.qedenv.com
Valmet shares begin trading
T
rading in Valmet Corp’s shares on the official list of NASDAQ OMX Helsinki Ltd began on 2 January 2014 under the symbol VALMT. Metso Corp spun off its Pulp, Paper and Power businesses to the new Valmet on 31 December 2013 through a demerger. Following the demerger, Valmet is an independent public limited company, separate from Metso. The Mining and Construction and Automation businesses remain with Metso.
For further information, visit www.valmet.com and www.metso.com
Gabelli Industrial Flow & Infrastructure Conference
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abelli & Co Inc will host its 24th Annual Industrial Flow & Infrastructure Conference on 26 February 2014 in New York City. Participating pump companies this year include Crane Co, Flowserve Corp, Graco Inc, IDEX Corp, ITT Corp, Layne Christensen Co, Sulzer AG and Xylem Inc. The conference will feature panel discussions and fireside chats between company management and Gabelli analysts. For further information, visit www.gabelli.com
Pump Industry Analyst
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