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SPX Announces Sale of DeZurik Product Line

SPX Corp. announced that it has sold the remaining portion of its DeZurik product line to Sartell Valves Inc., a Minnesota-based water and wastewater treatment company. Formerly part of SPX's flow technology segment, this DeZurik product line of industrial valves was previously reported as a discontinued operation at the end of the third quarter 2008.

Source: SPX

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DFT Receives API-6D Certification

DFT Inc. has received the distinguished API-6D Certification. Valves produced and used in the petroleum and refining industry must meet rigorous quality and production standards.

Source: DFT

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Crane Co. Reports Fourth Quarter '08 Results

Crane’s fluid handling segment had fourth quarter 2008 sales decreased $22.2 million, or 7%, including unfavorable foreign currency translation of $32.3 million (11%) and a decline of $0.7 million of core sales, partially offset by sales from acquired businesses, net of $10.8 million (4%).

Source: Crane

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ValvTechnologies Now “N” and “NPT” Authorized and Code Stamped

ValvTechnologies has successfully acquired “N” and “NPT” Authorizations and Code Stamps. As of January of this year, ASME lists 110 “N” Code Stamp holders worldwide. Of the 110, only 16 of the authorized stamp holders are North American valve manufacturers –-- now make that 17.

Source: ValvTechnologies

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Parker Reports Second Quarter Sales, Net Income and Earnings per Share

Parker Hannifin Corporation reported results for its fiscal 2009 second quarter ending December 31, 2008.  Fiscal 2009 second quarter sales were $2.7 billion, a decline of 5% from $2.8 billion in the same quarter a year ago.

In the Climate & Industrial Controls segment, second-quarter sales declined 21.8% to $179.2 million, and the segment recorded an operating loss of $12.8 million, compared with an operating profit of $5.4 million in the same period a year ago.

Source: Parker Hannifin

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