Industry News

Tesoro Corporation, along with Savage and BNSF Railway, recently gave local business leaders an opportunity to observe and learn about the enhanced safety features, including upgraded valves, of Tesoro’s new DOT 120 crude oil rail cars at the Port of Vancouver, USA.

BuTech, a brand of Accudyne Industries, recently announced that it has achieved American Bureau of Shipping (ABS) certification for its line of medium pressure valves and fittings. The Product Design Assessment (PDA) certificate, number 15-HS1373638-PDA, issued through the American Bureau of Shipping along with Type Approval certificate, number LA2948597-X, demonstrates that BuTech valves are safe to use in offshore applications on a variety of ABS-classed vessels and offshore equipment and systems.

Pentair, with branches in North and South America, is set to ask shareholders to appoint Trian Fund Management LP (Trian) Chief Investment Officer, Ed Garden, to its Board of Directors.

Corporate investor Nelson Peltz’s activist investment fund Trian has secured a seat on the board of UK-based industrial group Penetair, global manufacturer of pumps, pipes and valves used in the energy, agriculture, infrastructure and food sectors.

AP Services, a manufacturing company in Armstrong County, Pennsylvania, that makes products for the power industry at home and abroad, was recently recognized as a best-in-class company, having received the 2014 USA Material Supplier of the Year award by the Utilities Service Alliance – a cooperative based in Kansas made up of representatives from nuclear energy power plants.

Graco Inc. has launched a new line of chemical injection pumps and flow control equipment that will keep pipelines and wells flowing in difficult conditions. In addition to pumps, the new product line includes high-tech controllers, durable seals and affordable remote-monitors that track fluid chemicals used to unclog wellheads and pipelines.

The specialist in corrosion-resistant thermoplastic fluid-handling products such as valves and actuators, Asahi/America, has welcomed a new member to its existing sales team. Mr. Joe Pye has been with the company four years as part of its engineering staff, but has now been promoted to its sales team.

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.