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Rotork Announces Acquisition of Bifold Group

Rotork p.l.c. has acquired Bifold Group Limited for up to £125m on a cash-free and debt-free basis. Rotork estimates that the addition of Bifold will significantly increase Rotork's addressable market by approximately £750m to £4.3bn.

Bifold manufactures pneumatic and hydraulic instrument valves and components focused on the oil and gas industry and wider industrial markets, with expertise in a number of niche sectors such as subsea and wellhead control systems. Bifold also has technology in areas that include the development of solenoid valves with ultra-low power requirements.

Bifold is headquartered in Manchester, UK, and employs approximately 300 people across its operations in Manchester and Taunton, UK. The company is being acquired from a consortium including LDC, current management and other shareholders. Bifold will sit within Rotork's Instruments division and its current management team will remain with the business.

MRC Global Opens New Distribution Center Outside of Pittsburgh

MRC Global Inc. subsidiary McJunkin Red Man Corporation has opened a new regional distribution center (RDC) in Monessen, PA just outside of Pittsburgh. The new facility is approximately 163,000 square feet of warehouse space on 14 acres. It will also house MRC Global’s fifth valve automation center in its U.S. Eastern region.

The new RDC in Pittsburgh is the latest addition to the company’s network of service locations and is its 10th RDC in the U.S. The facility will employ approximately 26 people and support 15 MRC Global branches throughout the Northeast U.S. 

Lined Valve Company’s 20:20 Celebration

Lined Valve image 9.2.15Jeff Bowman P.E., a 41 year veteran engineer of the valves industry, started Lined Valve Company (LVC) in 1995, originally operating out of Beaverton, OR. Since then LVC has outgrown two buildings until reaching their current location in Woodland, WA, and opened a second manufacturing facility in Ocala, FL to serve customers on the East Coast. In 1999, Bowman purchased A-C Valve, merging the two companies, with A-C Valve doing business as a DBA of LVC.

Employees recently celebrated the Company’s 20th anniversary by donating 20 boxes, representing each and every year of growth. Packed with food, clothing, and personal items the boxes were given to Woodland Action Center, whose mission is to provide essential services to those in need in the Woodland community. During these 20 years, LVC has earned the reputation for quality knife gate valve design, rugged and reliable custom fabrications, and fast delivery of commodity items.  

Schlumberger Announces Agreement to Acquire Cameron

Schlumberger Limited and Cameron today jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies.

Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share.

The transaction combines two complementary technology portfolios into a "pore-to-pipeline" products and services offering to the global oil and gas industry. On a pro forma basis, the combined company had 2014 revenues of $59 billion. 

Cameron Joint Venture Supplying Subsea Pump System for Shell

OneSubsea, a Cameron and Schlumberger company, was awarded a contract in the second quarter of 2015 to supply subsea processing systems for the Shell Offshore Inc. Stones development in the Gulf of Mexico. This award follows a Technology Qualification Program and will deliver the industry's first 15,000-psi subsea pump system, to be installed in the Gulf of Mexico at approximately 9500 ft.

The subsea processing systems scope of supply includes a dual pump station with two 3-megawatt single-phase pumps and two subsea control modules, a topside power and control module, a barrier-fluid hydraulic power unit with associated spares as well as installation and maintenance tools. Manufacturing and testing will take place at OneSubsea's processing center of excellence facility in Horsoy, Norway. 

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