Snow Phipps acquires Kele valve distributor
Antares Capital and American Capital have arranged for USD $170 million in financing to support the acquisition of Kele Inc. by Snow Phipps Group LLC. Kele is a distributor of peripheral control products, including control valves, used in industrial and commercial building automation systems.
NGL shut-down valves for safety
NGL Supply Terminal Co., suppliers of liquid natural gas (LNG) and crude oil within North America, has promised that its proposal for a liquefied petroleum gas depot at Rigby Yard in South Portland, Maine, would be even safer than its current rail distribution site on Commercial Street in Portland.
ASG LVDTs for valve position sensing
New Jersey-based Alliance Sensors Group (ASG) has developed a broad line of linear variable differential transformers (LVDTs) for power generation and heavy industrial applications. ASG LVDTs are used for valve position sensing in power plants and for heavy duty operations in steel, aluminum and paper mills, stamping or die presses, and mining machinery, where a generic LVDT cannot operate or survive.
Adm. Howard visits Navy top valve supplier
Admiral Michelle Howard, Vice Chief of Naval Operations, toured the Milwaukee Valve plant in Prairie du Sac, Wisconsin on Nov. 20. Milwaukee Valve Company is the Navy's largest supplier of shipboard valves.
$56 billion valve revenue break-down
According to the latest findings from the McIlvaine Company (based on the latest 12 month determinations) sales of global industrial valves in 2014 were USD $56 billion; the top 50 companies generated revenues of USD $22,900 billion representing 41 percent of the total.