Last updateWed, 25 Nov 2020 4pm

PTM Limited Joins Garlock Sealing Technologies

EnPro Industries announced the acquisition of PTM Limited, a privately-owned manufacturer and distributor of sealing products with two locations in the United Kingdom. PTM will operate as part of Garlock Limited, a unit of EnPro's Garlock Sealing Technologies business.

Source: EnPro Industries

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South East Water Awards Valve Actuation Framework Agreement to Rotork

Rotork announced on Tuesday that they’ve been awarded a framework agreement by South East Water.

The framework will run for three years, with the option to extend for a total of five years, and covers Rotork’s  IQPro, IQTPro, AWT and Q ranges of multi-turn and quarter-turn electric valve actuators. 

Source: Rotork

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Emerson Process Management Reports Sales Growth in First Quarter

Emerson Process Management reported sales growth in the quarter of 8%. Underlying sales growth was 14%, which excludes a 6% unfavorable impact from currency translation. Global sales were strong, with underlying sales growth in the United States of 10% and international growth of 16%.

Source: Emerson

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ITT Reports Solid 2008 Fourth Quarter and Full-Year Results

ITT's Fluid Technology segment reported fourth quarter 2008 revenue of $984 million, roughly flat on a year-over-year basis, with solid organic revenue growth of seven percent, offset by the negative impact of foreign currency exchange. Fourth quarter segment operating income was $96 million, which is down 24 percent from the comparable prior year period due primarily to higher costs associated with aggressive restructuring activity during the quarter.

Source: ITT

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