08202018Mon
Last updateFri, 17 Aug 2018 5pm

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No Pressure for Rotork as Valve Uptake Grows

Talk of the North American economy sliding into recession has Peter France puzzled. “We are having a fantastic year in the US,” says Mr France, the chief executive of Rotork, an engineering group based in Bath, Somerset. Turning to Rotork’s business in general, Mr France – who took the company’s top job at Rotork in May – says that, while trying not to be complacent, he has yet to see signs of a downturn.

Source: Financial Times

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Crane Energy Flow Solutions Announces New President

Crane Energy Flow Solutions, a Crane Co. Company, is pleased to announce the appointment of Vincent Buffa to the position of President, Crane Energy Flow Solutions. Vince joined Crane in December 2007 as President, Crane Pumps & Systems where he has led targeted, customer-focused marketing strategies and directed Operational Excellence tools. Prior to coming to Crane last year, Vince had leadership roles in the Aerospace and Defense industries for Rexnord Aerospace, Honeywell, Smiths Aerospace, and Allied Signal.

 

Parker Hannifin Acquires Three Companies

Parker Hannifin Corp. has acquired three companies whose total sales for their most recently reported fiscal years approaches one half billion dollars. Parker is remaining focused on executing its plans for growth throughout the current economic turbulence.

Source: Parker Hannifin

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Curtiss-Wright Acquires Mechetronics Ltd

Curtiss-Wright Corporation announced that it has acquired Mechetronics Ltd for $2.8 million. Mechetronics develops and supplies solenoids and solenoid valves for industrial markets. The business will become part of Curtiss-Wright's Motion Control segment.

Source: Curtiss-Wright

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Flowserve Gets WaMu's S&P 500 Spot

Flowserve Corp. was picked to replace Washington Mutual Inc. in the Standard & Poor's 500 Index after the thrift was seized by regulators.

Washington Mutual shares lost 96 percent this week after its branches and assets were sold to J.P. Morgan Chase & Co. following the biggest U.S. bank failure in history.

Source: Bloomberg

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