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Torishima selects Glasgow for European base
Pump Industry Analyst
IN BRIEF/NEWS
IN BRIEF • ITT Industries has bought the Biopharm Manufacturing Division of Martin Petersen Co Inc, a specialist in process systems for the biopharmaceutical industry. Al Calabria, president of ITT Industries’ Engineered Valves business, says this acquisition is the latest step in Engineered Valves’ strategy to build a market basket of premier brands and services serving the biopharm market. The acquisition also expands ITT Industries’ Pure-Flo product offering to include the emerging module segment of the biopharm process equipment market. • Seal maker John Crane has opened a new state-of-theart engineering, repair and manufacturing facility in Swedesboro, New Jersey. The new facility offers seal engineering and application design, manufacturing, repair, testing and local inventory to support customers in chemical, petrochemical, refining and other industries. The plant combines the operations of two older John Crane plants that were located in Thorofare and Fairfield, New Jersey. The new plant is within 30 miles of an estimated 75 major customer operations. • 2003 marks Blackmer’s 100th anniversary. Robert Blackmer successfully launched his sliding vane pumps in 1903. • KKR Associates is selling 1.35 million shares of Idex common stock in a secondary public offering. This offering will not increase the number of Idex shares outstanding, and Idex will not receive any proceeds from this offering. Banc of America Securities LLC will act as sole book running underwriter for the offering.
12
February 2003
SULZER UPGRADES LEEDS FACILITY Sulzer Pumps is investing 2.9 million in its Leeds, UK plant to upgrade the existing gas turbine driven equipment test bed to run units up to 30 MW at full load. A new building will replace the existing facility, allowing up to 2 x 30 MW and 1 x 10 MW gas turbine driven sets to be assembled at the same time. The freestanding steel framed building has been carefully designed to control noise emissions to acceptable levels for the local environment. Two 60 tonne cranes will be installed allowing even the largest equipment to be lifted. Two freestanding dry cooling towers will effect heat dissipation from the equipment, and a 2.5m x 40m long permanent exhaust duct will be installed to control the output from the building. The existing facility has now been dismantled and work has started on the new building, which is due for completion in June 2003.
PENTAIR BUYS HYDROTEMP PUMP BUSINESS Pentair has expanded its pool and spa heater product line by acquiring the swimming pool heat pump assets of the privately held HydroTemp Manufacturing Co. Randall Hogan, Pentair chairman and CEO, said the addition of the HydroTemp business would help accelerate Pentair’s pool equipment sales growth and allow the company to capitalize on a growing market for swimming pool heat pumps. Fort Myers, Florida-based HydroTemp designs and manufactures heat pumps for swimming pool applications. Sold under the HydroTemp
and MiniMax Plus HP brand names, the company’s products are marketed through swimming pool and HVAC distributors. HydroTemp has annual sales of approximately US$9 million and employs 21 people. “With Pentair’s established position in pool markets, we will be able to immediately expand the existing distribution of HydroTemp products, pursue entry into new markets, and build on our pool accessory offering,” said Richard Cathcart, president and CEO of Pentair’s Water Technologies Group. Last year Pentair added USFilter’s Plymouth Products to its Water Technologies Group, driving 2003 divisional sales beyond US$1.0 billion (see Pump Industry Analyst, October 2002).
set ourselves five years ago,” confirmed Cooper. Mitch Holmes, national sales and marketing manager, Grundfos Water Group, said that 2002 saw excellent growth for the company’s whole range of water and wastewater pumps. In particulat the GEF range of single and multichannel impeller pumps have performed exceptionally over the year. “We have finished the year with wastewater segment sales totalling £9.34 million, which has exceeded all our expectations,” said Holmes.
TORISHIMA SELECTS GLASGOW FOR EUROPEAN BASE
France’s Gevelot Group, which includes PCM Pompes, has reported 171.3 million in turnover for 2002, down 1.2% on the 173.3 million achieved a year earlier. Pumps generated a turnover of 47.5 million in 2002, a 2.6% decrease on 2001’s 48.7 million.
Japan’s Torishima Pump Mfg Co Ltd has opened a European office in Glasgow, UK. The office will be a base for sales, engineering and service of pumping equipment for European customers. Gerry Ashe will head up the new operation. Headquartered in Osaka, Japan, Torishima Pump’s overseas network already includes branches in Singapore, Indonesia, Hong Kong and Malaysia. In the six months to 30 September 2002, Torishima Pump saw group net sales of ¥12 506 million.
GRUNDFOS UK POSTS STRONG 2002 RESULTS
PUMPEX MOVES TO LARGER FACILITY
Grundfos Pumps Ltd has posted provisional sales of £86 million for 2002. Duncan Coooper, managing director of Grundfos Pumps Ltd since 1997 and recently appointed Northern European regional director, said that the company was exceptionally pleased with its 2002 performance. “This puts us well on course for exceeding the ambitious target to double our business, which we
Pumpex Inc, the North American subsidiary of Sweden's Pumpex AB, has moved its sales and service operation to Sommerville, New Jersey. The expanded space will accommodate additional warehouse and training capacity. for the submersible pump specialist. Part of Cardo Pump, Pumpex Inc handles sales and service for the US, Canadian and Mexican markets.
GEVELOT'S PUMP TURNOVER FALLS
IN BRIEF/NEWS
IN BRIEF • ITT Industries has bought the Biopharm Manufacturing Division of Martin Petersen Co Inc, a specialist in process systems for the biopharmaceutical industry. Al Calabria, president of ITT Industries’ Engineered Valves business, says this acquisition is the latest step in Engineered Valves’ strategy to build a market basket of premier brands and services serving the biopharm market. The acquisition also expands ITT Industries’ Pure-Flo product offering to include the emerging module segment of the biopharm process equipment market. • Seal maker John Crane has opened a new state-of-theart engineering, repair and manufacturing facility in Swedesboro, New Jersey. The new facility offers seal engineering and application design, manufacturing, repair, testing and local inventory to support customers in chemical, petrochemical, refining and other industries. The plant combines the operations of two older John Crane plants that were located in Thorofare and Fairfield, New Jersey. The new plant is within 30 miles of an estimated 75 major customer operations. • 2003 marks Blackmer’s 100th anniversary. Robert Blackmer successfully launched his sliding vane pumps in 1903. • KKR Associates is selling 1.35 million shares of Idex common stock in a secondary public offering. This offering will not increase the number of Idex shares outstanding, and Idex will not receive any proceeds from this offering. Banc of America Securities LLC will act as sole book running underwriter for the offering.
12
February 2003
SULZER UPGRADES LEEDS FACILITY Sulzer Pumps is investing 2.9 million in its Leeds, UK plant to upgrade the existing gas turbine driven equipment test bed to run units up to 30 MW at full load. A new building will replace the existing facility, allowing up to 2 x 30 MW and 1 x 10 MW gas turbine driven sets to be assembled at the same time. The freestanding steel framed building has been carefully designed to control noise emissions to acceptable levels for the local environment. Two 60 tonne cranes will be installed allowing even the largest equipment to be lifted. Two freestanding dry cooling towers will effect heat dissipation from the equipment, and a 2.5m x 40m long permanent exhaust duct will be installed to control the output from the building. The existing facility has now been dismantled and work has started on the new building, which is due for completion in June 2003.
PENTAIR BUYS HYDROTEMP PUMP BUSINESS Pentair has expanded its pool and spa heater product line by acquiring the swimming pool heat pump assets of the privately held HydroTemp Manufacturing Co. Randall Hogan, Pentair chairman and CEO, said the addition of the HydroTemp business would help accelerate Pentair’s pool equipment sales growth and allow the company to capitalize on a growing market for swimming pool heat pumps. Fort Myers, Florida-based HydroTemp designs and manufactures heat pumps for swimming pool applications. Sold under the HydroTemp
and MiniMax Plus HP brand names, the company’s products are marketed through swimming pool and HVAC distributors. HydroTemp has annual sales of approximately US$9 million and employs 21 people. “With Pentair’s established position in pool markets, we will be able to immediately expand the existing distribution of HydroTemp products, pursue entry into new markets, and build on our pool accessory offering,” said Richard Cathcart, president and CEO of Pentair’s Water Technologies Group. Last year Pentair added USFilter’s Plymouth Products to its Water Technologies Group, driving 2003 divisional sales beyond US$1.0 billion (see Pump Industry Analyst, October 2002).
set ourselves five years ago,” confirmed Cooper. Mitch Holmes, national sales and marketing manager, Grundfos Water Group, said that 2002 saw excellent growth for the company’s whole range of water and wastewater pumps. In particulat the GEF range of single and multichannel impeller pumps have performed exceptionally over the year. “We have finished the year with wastewater segment sales totalling £9.34 million, which has exceeded all our expectations,” said Holmes.
TORISHIMA SELECTS GLASGOW FOR EUROPEAN BASE
France’s Gevelot Group, which includes PCM Pompes, has reported 171.3 million in turnover for 2002, down 1.2% on the 173.3 million achieved a year earlier. Pumps generated a turnover of 47.5 million in 2002, a 2.6% decrease on 2001’s 48.7 million.
Japan’s Torishima Pump Mfg Co Ltd has opened a European office in Glasgow, UK. The office will be a base for sales, engineering and service of pumping equipment for European customers. Gerry Ashe will head up the new operation. Headquartered in Osaka, Japan, Torishima Pump’s overseas network already includes branches in Singapore, Indonesia, Hong Kong and Malaysia. In the six months to 30 September 2002, Torishima Pump saw group net sales of ¥12 506 million.
GRUNDFOS UK POSTS STRONG 2002 RESULTS
PUMPEX MOVES TO LARGER FACILITY
Grundfos Pumps Ltd has posted provisional sales of £86 million for 2002. Duncan Coooper, managing director of Grundfos Pumps Ltd since 1997 and recently appointed Northern European regional director, said that the company was exceptionally pleased with its 2002 performance. “This puts us well on course for exceeding the ambitious target to double our business, which we
Pumpex Inc, the North American subsidiary of Sweden's Pumpex AB, has moved its sales and service operation to Sommerville, New Jersey. The expanded space will accommodate additional warehouse and training capacity. for the submersible pump specialist. Part of Cardo Pump, Pumpex Inc handles sales and service for the US, Canadian and Mexican markets.
GEVELOT'S PUMP TURNOVER FALLS