Last updateTue, 17 Oct 2017 3pm


Crane ChemPharma & Energy Announces NSF Certification

Crane ChemPharma & Energy recently obtained NSF-61 & NSF-372 certification of its Stockham® Butterfly Valves for potable water and lead-free service. The NSF/ANSI Standard 61 ensures that a product is safe for use in drinking water and thereby meets the regulatory requirements for the U.S. and Canada, and often the testing requirement for several other countries.

“As a long-time supplier of valve solutions for the commercial market and mechanical contractors, we are consistently looking for ways to better serve our customers through new applications,” said Cody Beaman, regional business line manager, Crane ChemPharma & Energy. “The NSF certification of our Stockham® Butterfly Valves has expanded our portfolio allowing Crane to offer solutions that best meet all of their needs.”

Stockham Butterfly Valves offer positive bidirectional shutoff and automation in both gas and liquid service. 

Emerson Announces 2017 ASCO Engineering Scholarship Recipients

Emerson has announced the recipients of the ASCO 2017 Engineering Scholarship: Alexandra Lomasney of Peabody, MA, and Richard Hollenbach III of Hatfield, PA, have each been awarded a $5,000 scholarship to support their pursuit of a bachelor's degree in engineering. Emerson will further support the recipients' studies with an additional $1,000 grant to the engineering departments at each of their respective universities.

Lomasney is a senior, studying for a chemical engineering degree, at Villanova University. Hollenbach, also a senior, is majoring in mechanical engineering at the University of Pittsburgh.

Emerson awarded the ASCO 2017 scholarship recipients on Sept. 27, at PMMI's annual Amazing Packaging Race at PACK EXPO 2017 in Las Vegas. 

Metso to Implement New Operating Model and Organization

Metso's Board of Directors has decided on the Group's new operating model and organization, effective from January 1, 2018. The new organization is designed to accelerate Metso's strategy implementation by strengthening its service and product businesses in the minerals and flow control markets. 

Metso's new business areas will be: Mining Equipment; Aggregates Equipment; Minerals Services; Minerals Consumables; Recycling; Valves; and Pumps. The Group's current reporting segments, Minerals and Flow Control, remain unchanged. 

CIRCOR to Acquire Colfax’s Fluid Handling Business

CIRCOR International has signed a definitive agreement to acquire Colfax Fluid Handling (CFH) from Colfax Corporation for approximately $855 million including cash, newly issued CIRCOR shares, and the assumption of pension plan liabilities linked to the CFH business. The combination results in estimated pro forma combined revenues of approximately $1.1 billion based on the trailing 12 month results as of June 2017. Upon closing of the transaction, Colfax will own approximately 16% of CIRCOR. 

Flowserve Appoints Lee Eckert as CFO

Flowserve has named Lee Eckert as senior vice president and chief financial officer (CFO), effective October 9, 2017. Eckert joins Flowserve from CHC Group LLC., a global commercial helicopter service provider to the offshore oil and gas industry, where he served as senior vice president and CFO since 2015.

Eckert, 50, has over two decades of financial experience. Before joining CHC Group LLC, he served as CFO of the U.S. division of National Grid Plc. In addition, he served in various executive capacities at MeadWestvaco Corporation, including as vice president, operations, healthcare, and CFO of the Packaging Resource Group. He also served in senior finance roles at Electronic Data Systems and GE. 

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