Industry News

Now Inc., a spinoff of oil field services company National Oilwell Varco, has announced plans to buy up a company that supplies pipes, valves and fittings to the energy industry. Challenger Industries Inc.

Warren Buffett’s Berkshire Hathaway Inc. agreed to buy Precision Castparts Corp., the maker of equipment including valves and turbines for the aerospace and energy industries, in a deal valued at $37.

Honeywell announced that it has signed a definitive agreement to acquire the Elster Division of Melrose Industries, a provider of thermal gas solutions for commercial, industrial, and residential heating systems and gas, water, and electricity meters, including smart meters and software and data analytics solutions, for approximately USD 5.

NOW Inc. has announced today that it has entered into an agreement to purchase the business of Challenger Industries, Inc. Challenger Industries, Inc. is a leading pipe, valves and fittings supplier for the downstream, midstream and upstream energy markets.

Kennedy Valve has appointed Greg Clarke as the new plant manager. Prior to joining Kennedy, Clarke was the plant manager at Hitchiner Manufacturing’s Littleton New Hampshire facility. He has manufacturing operations and lean systems implementation experience in both metal and finishing operations.

Four valve series of the Belimo ZoneTight™ product range – QCV, PIQCV, 6-way zone valve and the electronic pressure-independent 6-way zone valve – provide energy-saving, unproblematic room and zone control solutions in tight spaces.

It was announced last week that two new appointments have been made to Metso’s Executive team. The first is that Perttu Louhiluoto has been appointed President, Services and the second is that John Quinlivan has been appointed President, Flow Control.

Flowserve Corporation has released its new Flowserve Gestra BK37-5 thermostatic bimetallic steam trap, which offers end-users lower total cost of ownership and energy-saving benefits when compared to thermodynamic (TD) and inverted bucket steam trap technologies.

Colfax Corporation has announced that Matthew L. Trerotola, formerly an Executive Vice President at DuPont, has been named Chief Executive Officer and a director of Colfax. This appointment will become effective on July 24, 2015.

Michigan-based DTE Energy has awarded outage services work to General Electric Power & Water through GE Hitachi Nuclear Energy (GEH) and GE Power Generation Services (PGS) for the utility’s Fermi 2 Nuclear Power Plant.