Industry News

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.

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.