07182018Wed
Last updateWed, 18 Jul 2018 2pm

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Emerson Agrees to Acquire Aventics

Emerson has agreed on terms to acquire Aventics from Triton for a cash purchase price of $620 million. Aventics deals in smart pneumatics technologies that power machine and factory automation applications. Aventics significantly expands Emerson’s reach in a growing $13 billion market.

With central offices in Laatzen, Germany, Aventics has approximately 2,100 employees globally with five manufacturing locations and 2017 sales of $425 million.

The acquisition is expected to close in the fourth quarter of fiscal 2018 subject to regulatory approvals, Aventics’ necessary consultations and other customary closing conditions. 


Conval Names Brian White Refining & Chemical Industry Manager

Conval has appointed Brian E. White as refining & chemical industry manager serving the petrochemical industry in the Gulf states and elsewhere as opportunities and needs arise.

Based in Houston, White has over 20 years of experience selling instrumentation and capital equipment to the oil & gas, chemical, fluid power, shipbuilding, power, biopharmaceutical, analytical and construction industries. He has held management and sales positions at Rawson, Circor Instrumentation Technologies, Thermo Fisher Scientific, Swagelok and Illinois Tool Works. 

The Chemours Company Names Jonathan Lock Vice President

Jonathan Lock is joining The Chemours Company as vice president of corporate development and investor relations. Lock was previously at SunCoke Energy, where he led corporate strategy and investor relations for SunCoke and its Master Limited Partnership, SunCoke Energy Partners. In this new role, Lock will help drive Chemours inorganic growth strategy and assume responsibility of investor communications.

Alisha Bellezza, Chemours current treasurer and vice president of investor relations, has been named vice president of commercial operations and supply chain for the Titanium Technologies segment. Sameer Ralhan, vice president of finance, will assume the role of treasurer while retaining his current business finance responsibilities. 

Setpoint I.S. Holds Grand Opening for New Luling Facility

Setpoint Integrated Solutions (Setpoint I.S.) hosted a grand opening for its new Luling, LA facility on April 26th. Hundreds of customers as well as OEM partners attended for a crawfish boil, music and door prizes. The new facility highlights the Setpoint I.S. commitment to the area.

To kick off the grand opening, the chief administrative officer of St. Charles Parish, Billy Raymond, performed a ribbon cutting ceremony with the Setpoint I.S. team. 

FloWorks Awarded Distributorship by Asahi/America

Floworks International LLC was recently award a thermoplastic valves, valve actuation and piping components distributorship with Asahi/America Inc. via it’s Sunbelt Supply Co. division company.

The addition of the Asahi thermoplastic product lines and service capabilities is a significant addition in thermoplastics piping products and fluid handling systems to Flowork’s portfolio of products and brands. Asahi/America is ISO 9001:2008 certified.

Sunbelt Supply serves the upstream, midstream and downstream end markets and the industries of oil & gas exploration and production, pipelines, refining, petrochemical, chemical, power, mining, pulp and paper, pharmaceutical and food & beverage. 

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