Valve Magazine

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Last updateWed, 29 Jul 2015 2pm

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Shale-Inland Holdings Acquires Major Sourcing LLC

Shale-Inland Holdings, parent company of Sunbelt Supply, announces the acquisition of Major Sourcing LLC (Major Inc.) in a transaction completed on July 27, 2015. Major, Inc. is a valve automation, integrator and distributor, primarily focused on the power industry.

Major, headquartered in New Jersey, will continue to operate under its trade name, Major Inc., and will be a part of Shale-Inland's Valves & Automation platform. Major president Dave Kuhn will continue to lead the business. 

Colfax Names Matthew Trerotola New CEO

Matthew TrerotolaColfax Corporation announced that Matthew L. Trerotola, formerly an executive vice president at DuPont, has been named Chief Executive Officer and a director of Colfax, effective July 24, 2015. He succeeds Steven E. Simms, who will assist in the transition and will continue to serve on the Colfax Board. Simms notified the Board early this year that he planned to retire, and the Board subsequently undertook a search for a replacement.

Trerotola, 48, has spent most of his career at DuPont, Danaher Corporation, and McKinsey & Company. He was most recently an executive vice president and a member of DuPont’s office of the chief executive.

Pentair Valves & Controls Reports Second Quarter 2015 Results

Pentair Valves & Controls delivered second quarter 2015 sales of $496 million, down 21% versus the prior year quarter. Core sales declined 11% year over year for the second quarter and negative FX translation was 10%. Backlog decreased 14% to $1.2 billion compared to second quarter 2014.

Pentair Valves & Controls delivered second quarter segment income of $51 million, down 42% compared to $88 million in the same quarter last year. Second quarter segment margins decreased 360 basis points to 10.3%.

Powell Valves Adds Exclusive Distributor for China

The Wm. Powell Company (Powell Valves) and KS Distribution Ltd. (KSD) have entered into an exclusive agreement to represent and distribute Powell Valves in China and Hong Kong.

KSD is a supplier of equipment and consumables for the oil & gas, offshore & marine, petrochemical, mining and other related industries. KSD represents more than 300 established and accredited brands and distributes over 70,000 line items.

CIRCOR International is VMA’s Newest Member

circor logoToday, VMA president Bill Sandler announces that CIRCOR International is the newest VMA member. CIRCOR is the ninth company to join the association in 2015.

CIRCOR International designs, manufactures and markets valves and other highly engineered products and sub-systems used in the energy, aerospace and industrial markets. 

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Valve Magazine Digital Edition

Valve Magazine Summer 2015Inside the Summer 2015 issue…

• Critical Service
• Effects of Flashing/Cavitation
• Coatings and Wastewater Apps
• The Latest in R&D

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