Last updateTue, 17 Oct 2017 3pm


Wolseley Officially Changes Name to Ferguson

Further to shareholder approval at a general meeting of the company held on May 23, 2017, the change of name from Wolseley plc to Ferguson plc is now effective. The company website will now be available at www.fergusonplc.com.

Trading in the company's shares will commence under the new name Ferguson plc and the new TIDM code '(FERG)' with effect from 1 August 1, 2017. The company's ADRs will be traded on the OTCQX market under the new symbol '(FERGY)'. Trading in ADRs under the FERGY symbol will commence on July 31, 2017. 

Weir Oil & Gas Completes Acquisition of KOP Surface Products

Weir Oil & Gas has completed its acquisition of KOP Surface Products. The acquisition, announced in mid-June, is for an enterprise value of $114 million.

KOP employs 450 people and is a provider of wellheads, surface trees, valves, actuators and aftermarket services for the oil and gas industry. The business is headquartered in Singapore and has a manufacturing facility in Batam, Indonesia, in addition to a network of sales and service offices in Malaysia, Thailand, Vietnam, Qatar, UAE, Saudi Arabia and India. KOP's current management team will continue to lead the business, reporting into Weir’s Oil & Gas division. 

Spirax Sarco Names Javier Jimena President and General Manager

JavierJimena July2017Spirax Sarco has appointed Javier Jimena president and general manager of Spirax Sarco, Inc. He assumed his role on July 17, 2017, and is responsible for the USA business.

Javier Jimena states, “Spirax Sarco has been present for more than 100 years in the United States of America. I am convinced that we have a great opportunity to elevate our services to our customers, developing a win-win relationship. I am very enthusiastic about this new challenge and trust to exceed expectations.”

Jimena brings with him more than 32 years of experience in leadership roles with demonstrated success in taking businesses to the next level in strategic development. He comes from Spirax Sarco Argentina where he was the regional general manager leading Argentina, Chile, Peru and Latin America. Before joining Spirax Sarco, he held a number of general and strategic management positions in Argentina and Brazil. Mr. Jimena earned his Bachelor’s Degree in Marketing at UCES University in Buenos Aires, Argentina. 

Wolseley Industrial Group Names Daniel Hogge District Manager

Daniel Hogge has been appointed district manager of Wolseley Industrial Group’s Mid-Atlantic region, which includes Georgia, South Carolina and North Carolina and most of Florida and Virginia. Effective Aug. 1, Hogge will be responsible for managing the financial results of Wolseley Industrial Group’s Mid-Atlantic business, developing associates and ensuring customers in the region receive superior service.

Hogge joined Ferguson in 1997 as a trainee in Newport News, VA and held several positions in the Hampton Roads, VA area including inside sales, outside sales, sales manager and branch manager. In October 2015 Hogge became director of industrial for the Mid-Atlantic markets. 

TAQA Awards Schlumberger EPCIC Contract for Otter Subsea Development

OneSubsea, a Schlumberger company, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract for a subsea multiphase boosting system by TAQA for the Otter field in the UK North Sea. OneSubsea leverages Cameron flow control, process technologies and manufacturing & aftermarket capabilities.

Through the EPCIC contract, OneSubsea and its Subsea Integration Alliance partner, Subsea 7, will supply and install a subsea multiphase boosting system including topside and subsea controls, as well as associated life-of-field services. The project will result in a 30-km subsea tieback to the TAQA-operated North Cormorant platform. This will be the longest subsea multiphase boosting tieback in the UK North Sea. 

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