09292016Thu
Last updateWed, 28 Sep 2016 7pm

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Wolseley Reports 2016 Full Year Results

Wolseley plc delivered an improvement in overall results for the fiscal year ending July 31, 2016, up 8.5% from last year. Revenue of $18.7 billion was 4.2% ahead at constant exchange rates and 2.4% ahead on a like-for-like basis. Price deflation, particularly in the U.S., reduced revenue by 1.5%. Improving gross margins remained a key focus and were 30 basis points ahead overall. This was achieved as a result of focusing on a better mix of higher value-add products and services and improving purchasing terms. Operating expenses were 6% higher at constant exchange rates, including 2% from acquisitions. 


ValvTechnologies Joins MSS of the Valve and Fittings Industry Committee

ValvTechnologies, Inc. has been unanimously approved for membership in the Manufacturers Standardization Society (MSS) of the Valve and Fittings Industry Committee. Representing ValvTechnologies is Tony Majka, director of engineering.

The MSS is a non-profit technical association organized for development and improvement of industry, national and international codes and standards for valves, valve actuators, valve modifications, pipe fittings, flanges, pipe hangers and supports and associated seals.

Majka has served at ValvTechnologies for two years and has global management responsibility for all ValvTechnologies’ engineering groups and activities worldwide. He will represent ValvTechnologies on several MSS technical committees including: 114 Steel Valves; 302 Marking and Terminology; 304 Quality Standards; 306 Valve Operation; 308 Packings and Gaskets; 310 Valve Modification; and 401 Ball Valves.

Jim White of Curtiss-Wright is New VMA Chair; Kim Beise of Dowco Receives Top Honor

At the Valve Manufacturers Association’s 78th Annual Meeting, held Sept. 21-23 in Rancho Mirage, CA, Bob Kemple of ASCO (2015/16 VMA Chairman) passed the gavel for the coming year to Jim White of Curtiss-Wright, who will chair VMA through the 2017 annual meeting. The election took place at the association’s annual business meeting on Sept. 22.

In addition, Mark Nahorski of PBM becomes VMA’s vice chairman for the coming year, while David Hughes of Pentair takes on the role of program chairman. Kemple remains on the board in his capacity as immediate past chairman.

Continuing on the board until 2019 are: Bryan Burns (DeZURIK); Patrick Dunn (Metso Automation); and John Lenander (Flowserve). Also continuing on the board with terms expiring in either 2017 or 2018 are: Arie Bregman (DFT Inc.); James Gray (GE Oil & Gas); Bruce Johnson (Emerson Process Management); Brad Ellis (Crane Co.); Jim Walther (Kitz Corp. of America); Ron Warren (Bray International); and Brian Wright (A-T Controls). Joining the board is Douglas Meikle (Cameron). Retiring from the board is Greg Rogowski (Mueller Co.).

VRC Member Receives Top Honor

VMA annually designates one person as “Person of the Year.” This honor is intended to recognize an individual member who has devoted an extra measure of his or her time and talents to support the activities and programs of the VMA or Valve Repair Council (VRC). The 2016 recipient of this award is Kim Beise of Dowco Valve Company, Hastings, MN. In the more than 25 years since the Valve Repair Council was formed, this is only the second time a VRC member has been selected for this prestigious award.

Beise has been active in the VRC for almost 15 years and has served as a member of the council’s board of directors for 12 years. He assumed the chairmanship in 2015. He has also been active on the VMA side by volunteering as an instructor at the association’s highly successful Valve Basics Seminar; in addition, he was selected in 2015 to serve on the VMA Education & Training Committee as the committee’s PRV (pressure relief valve) expert.  

Flowserve's Mark Blinn Announces Retirement

Mark Blinn plans to retire as Flowserve president, CEO and a member of the board of directors. To ensure an orderly transition, Mr. Blinn will remain in those roles until the appointment of his successor.

Flowserve’s board of directors has a robust succession planning process and, in an effort to consider both internal and external candidates, has initiated a search to identify a successor.

Mark Blinn joined Flowserve in October of 2004 and was named CEO in October of 2009. During his tenure as CEO, Flowserve has delivered a total shareholder return of approximately 64%. 

Powell Valves Names Niagara Controls as Exclusive Representative

The Wm. Powell Company (Powell Valves) and Niagara Controls LLC., a division of The Collins Companies, have entered into an exclusive agreement to represent and distribute Powell Valves to Praxair.

Based in Buffalo, NY, Niagara Controls is a technical sales representative and stocking distributor for manufacturers of industrial valves, pressure relief devices and engineered products. 

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