01222018Mon
Last updateFri, 19 Jan 2018 7pm

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CIRCOR to Acquire Colfax’s Fluid Handling Business

CIRCOR International has signed a definitive agreement to acquire Colfax Fluid Handling (CFH) from Colfax Corporation for approximately $855 million including cash, newly issued CIRCOR shares, and the assumption of pension plan liabilities linked to the CFH business. The combination results in estimated pro forma combined revenues of approximately $1.1 billion based on the trailing 12 month results as of June 2017. Upon closing of the transaction, Colfax will own approximately 16% of CIRCOR. 


Flowserve Appoints Lee Eckert as CFO

Flowserve has named Lee Eckert as senior vice president and chief financial officer (CFO), effective October 9, 2017. Eckert joins Flowserve from CHC Group LLC., a global commercial helicopter service provider to the offshore oil and gas industry, where he served as senior vice president and CFO since 2015.

Eckert, 50, has over two decades of financial experience. Before joining CHC Group LLC, he served as CFO of the U.S. division of National Grid Plc. In addition, he served in various executive capacities at MeadWestvaco Corporation, including as vice president, operations, healthcare, and CFO of the Packaging Resource Group. He also served in senior finance roles at Electronic Data Systems and GE. 

Velan Announces New Sales Structure

Velan is re-designing its sales structure to be better aligned with customers’ market approach. This change is intended to focus Velan’s resources on maximizing impact and competitiveness in today’s challenging economy.

Paul Dion has been appointed as vice-president of sales, process industries which will focus on downstream refining, petrochemical, chemical and mining. Emanuele Rivolta has been appointed as vice-president of sales, upstream (onshore and offshore production) and midstream markets. Stefan Wingerath has been appointed as vice-president of sales, power industries which focus on combined-cycle, super-critical and ultra-super-critical power plants, nuclear and renewable energy.

In addition, Jose del Buey has been appointed as vice-president, technical sales of quarter-turn products, and Joe Calabrese appointed as vice-president, technical sales of multi-turn products. Charlie Pogue and Paul Lee have been appointed as vice-president, commercial sales.  

MSS Revises Standards for Instrument Valves, Sealing of Rising Stem Valves

The Manufacturers Standardization Society (MSS) is pleased to announce the publication of the following revised Standard Practices:

  • MSS SP-99-2016a, Instrument Valves (replaces 2016 edition)
  • MSS SP-105-2016a, Instrument Valves for Code Applications (replaces 2016 edition)
  • MSS SP-120-2017, Flexible Graphite Packing Sealing for Rising Stem Valves

ADVISORY: The original SP-99-2016 AND SP-105-2016 (published November 2016) have been replaced by this revised 2016a edition. Contact MSS or your distributor if you purchased the original 2016 edition, for a discounted replacement.

All Standard Practices are available from MSS and through authorized distributers. A listing of official distributors is available at: http://msshq.org/Store/orderinfo.cfm.

Listing of all current MSS Standards: http://msshq.org/Store/PriceList.cfm.

 

Spirax Sarco Celebrates 4 Years Without a Lost-Time Accident

Spirax Sarco recently reached a safety milestone – 2.4 million man-hours, or 4 years without a lost-time accident, which means 288 employees did not miss work due to an injury suffered on the job. This significant accomplishment was celebrated on August 10th with a fun lunch.

When asked why Spirax Sarco celebrated this event, safety and environmental supervisor Kris Brown replied, “Each one of our employees has a role to play when it comes to safety. If something happens, not only does their family suffer but our customers do as well. Spirax Sarco wanted to take a moment to thank our employees because it takes a team effort to be where we are today – 1,460 days without a lost time accident.” 

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